Amanda is ready to retire and as a retirement benefit, she can choose to take $380,000 now or $50,000 at the end of each year for a period of 10 years. To compare the two options, she must calculate the present value of both alternatives. She believes a discount rate of 5% would be the most appropriate rate to apply. How much is the present value if she takes the option of $50,000 a year for 10 years? Please refer to the following data, if needed:

Present Value of an Annuity of $1
	5%	6%	7%	8%	9%	10%
8	6.463	6.210	5.971	5.747	5.535	5.335
9	7.108	6.802	6.515	6.247	5.995	5.759
10	7.722	7.360	7.024	6.710	6.418	6.145

A.		$380,000
B.		$386,100
C.		$321,000
D.		$399,000