A couple will retire in 40 years; they plan to withdraw $39000 a year in retirement, and they will make 20 withdraw. They believe that they can earn 8% interest on the retirement savings. If they make an annual deposit into their retirement savings, how much will they need to save each year? Assume the first deposit comes at the end of the first year, and the first withdraw comes at the end of yer 41. Please show all work including formulas.

A. 1,478.09

B. 9,572.69

C. 39,000

D. 78,000