As the winner of a breakfast cereal competition, you can choose between the prizes listed below. If the interest rate is 12 percent, which prize is the most valuable?

	a.	$11,400 a year forever.
	b.	$6,500 next year and increasing by 5 percent a year forever.
	c.	$19,000 each year for 10 years.
	d.	$100,000 now.
	e.	$195,000 at the end of five years.