1. You are today getting fencing done in your backyard. A professional company is doing the job and will be paid over a 4-year period with year-end payments of $6,861.64. The market interest rate is 10%. How much will I be paying for the fencing job in today's dollars?

a) $17,075.03

b) 23,926.22

c) 36,602.50

d) None