An ordinary annuity selling at $10,577.28 today promises to make equal payments at the end of each year for the next seven years (N). If the annuity's appropriate interest rate (i) remains at 6.50% during this time, what will be the value of the annual annuity payment (PMT)?

a. $2,410.71

b. $1,928.57

c. $2,796.43

d. $3,717.38