Jefferies Group has offered you the following investment opportunity: $9,500 at the beginning of each year for the first 6 years. $12,500 at the beginning of each year from year 7 through 11. How much would you be willing to pay for this investment if you require a 22% rate of return? Question 1 options:

$42,962.91

$64,990.67

$59,008.36

$49,948.89