As the winner of a song writing competition, you can choose between the prizes listed below. If the interest rate is 8 percent, which prize is the most valuable?

	a.	$100,000 now.
	b.	$9,000 a year forever.
	c.	$160,000 at the end of five years.
	d.	$7,000 next year and increasing by 2.25 percent a year forever.
	e.	$16,500 each year for 10 years.