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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

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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 further $15,000 per year. It 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 $3,380 OB -$3.005 OC - $3,756 OD - $3.192

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