Find the PV of a growing perpetuity with grows rate of 3% that pays you each year starting from year 6 (i.e., it pays you at years 6, 7, 8, ) with the first payment of $1000 if annual interest rate is 15%

a. $4,143

b. $4,729

c. $8,333

d. $3,603

e. $4,222