A lump sum payment of $1,000 is due at the end of 5 years. Which of the following scenarios will result in the lowest present value? O a. Discount rate of 6 percent, compounded annually O b. Discount rate of 7 percent, compounded annually O c. Discount rate of 8 percent, compounded annually d. Discount rate of 9 percent, compounded annually O e. Discount rate of 10 percent, compounded annually