A prize pays $16,000 each quarter for 4 years (16 payments)commencing in exactly 6 months time. If the appropriate discount rate is 14.3% p.a compounding quarterly, the value of the prize today is (round to nearest cent; dont use $ sign or commas): [HINT: the annuity is deferred]

a. $185778.89

b. $192420.49

c. $1005036.00

d. $40537.30