In a competitive market for capital equipment, the purchase price of a piece of capital equipment is predicted to be

a$.$

its last$-$period MRP divided by the interest rate.

b$.$

its current$-$period MRP divided by the interest rate.

c$.$

the future value of its stream of MRPs$.$

d$.$

the present value of its stream of MRPs$.$

e$.$

its current$-$period MRP$.$