Marigold Corp. maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $23000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 11% per year. What amount will the company receive at the time the lease expires?

a.

$135452.

b.

$65307.

c.

$48300.

d.

$34886.