Carter Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Carter wishes to sell the land now. It has located four potential buyers: Buyer A, who is willing to pay $255,000 for the land now; Buyer B, who is willing to make 20 annual payments of $40,000 each, with the first payment to be made 5 years from today; Buyer C, who is willing to make 10 semi-annual payments of $32,000, with the first payment to be made today; and Buyer D, who is willing to make two payments of $150,000, the first to be made today and the second to be paid three years from today. INSTRUCTIONS Calculate the present value of each of the options, assuming that the appropriate rate of interest is 8%. Show all calculations. To whom should Carter sell the land? A:________________ B:________________ C:________________ D:________________