An investment pays $2,000 every second year for 20 years (a total of 10 payments). The first payment will be paid in two years. Your opportunity cost is 8% compounded semi-annually. The present value of this investment is (Note: please retain at least 4 decimal places in your calculations.) Select one: O a. $10,254.31 O b. $8,577.24 O c. $9,322.00 O d. $9,600.33 O e. $8,937.25