Darlene projects that she can get $130,000 cash per year for 5 years on a real estate investment project. If Darlene wants to earn a rate of return of 8%, what is the maximum that she should pay for the investment? (Do not round your PV factors. Round your answer to the nearest dollar.)

a) $598,000

b) $88,476

c) $519,052

d) $430,576