Cooper Company has purchased equipment that requires annual payments of

$ 15 comma 000$15,000

to be paid at the end of each of the next 6 years. The discount rate is

1414%.

The present value of $1 for six periods at

1414%

is

0.4560.456.

The present value of an ordinary annuity of $1 for six periods at

1414%

is

3.8893.889.

What amount will be assigned to the equipment at the purchase date? (Round your final answer to the nearest dollar.)

A.

$ 65 comma 175$65,175

B.

$ 58 comma 335$58,335

C.

$ 3 comma 857$3,857

D.

$ 6 comma 840