Carla is ready to retire and has a choice of three pension plans. Plan A provides for an immediate cash payment of $340,000. Plan B provides for the payment of $40,000 per year for 7 years and the payment of $204,000 at the end of year 7. Plan C will pay $33,600 per year for 7 years. Carla desires a return of 8 percent.

Determine the present value of each plan.