An investment pays $2,600 per year for the first 5 years, $5,200 per year for the next 8 years, and $7,800 per year the following 12 years (all payments are at the end of each year). If the discount rate is 11.20% compounding quarterly, what is the fair price of this investment? Work with 4 decimal places and round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.

a. $36,151.14

b. $36,512.65

c. $41,212.30

d. $43,742.88

e. $39,404.74