Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $22,000 per month for the next 10 years with the first payment due today. If the APR is 8.76 percent compounded monthly, what is the value of the payments today?

$1,862,305.67

$1,606,788.18

$1,754,658.00

$1,712,307.53

$1,767,467.00