Ten years ago, Jennifer bought an investment property for \(\$ 100,000\). Over the 10 -year period, inflation has held consistently at 3 percent annually. If Jennifer expects a 13 percent/year real rate of return, what would she sell the property for today?

a. \(\$ 116,000\)

b. \(\$ 134,400\)

c. \(\$ 339,500\)

d. \(\$ 456,200\)