A mortgage has monthly payments of $1850. The mortgage was originally amortized over 30 years five years ago so there are 25 years left. The current interest rate is 6%. If the lender sells the mortgage, what is its value today? Select one of the following:

a. The original interest rate needs to be known

b. The future cash flows and the current interest rate are all that's required so the answer is $287,133

c. The future cash flows and the current interest rate are all that's required so the answer is $1,282,039