Earnings for Deft Company are as follows:

If the discount rate is $19\%$ and the capitalization rate is $16\%,$ using the year $2003,$ and the $5^{th}$ year

present value factor of $\mathrm{.}747258,$ the terminal value is:

a$.1,960,000$

b$.5,744,546$

c$.3,660,200$

d$.7,687,500$

e$.$ None of the above