Ben Franklin helped found the University of Pennsylvania and proposed endowing it with $10,000 in January of 1790. Assuming that the average inflation rate since that time was 5% and the total market rate of return was 9%, how much would Penns endowment be worth in the year 2000 in nominal terms?

a. $37.8M

b. $281.7M

c. $8.9T

d. $723.7B