After your car was hit by a truck, you have been offered a settlement. In the settlement, you would receive $50,000/year starting in 1 year for 25 years, then $25,000/year for 12 years starting in year 26. If your discount rate is 5%, which of the following is the present value of this settlement?

733,458

767,015

770,131

792,878

803,190

None of the above.