Louise is considering investing in an annuity being offered by Pakokku Investments Ltd. The annuity will pay her $3,200 per quarter for 11 years. Louise is trying to work out how much this annuity is worth. She thinks she should receive a return equivalent to a nominal interest rate of 7.30% per annum, compounding daily. What is the value of this annuity to Louise? Select one:

a. $95,914.91 b. $93,354.85 c. $92,587.20 d. $97,256.03