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Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $45,000 up front and a
Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $45,000 up front and a further $15,000 per year. If Jenkins Security offers to provide security for eight years for an upfront cost of $65,000 and a separate yearly payment, what is the maximum that this yearly payment can be so that Jenkins' offer matches the equivalent annual annuity of their rival's offer? (Assume a cost of capital of 9%.) OA.$3,005 OB, -$3,380 O C.-$3,756 O D. -$3,192
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