MQ insurance company issues life annuities. It prices these annuities using the following probabilities. Survival probability 1 2 Year Probability of surviving from start of year to end of year 0.87 0.66 0.5 0 3 4 The annuities pay $50,000 at the end of each year while the policyholder is alive, MQ insurance believes it can earn 9% p.a. interest on investments, MQ insurance has an initial cost of $50 at the date of issue. (c) Calculate the fair single premium value which is paid on the issue date of this policy. Round your answer to two decimal places Select one: a. 73710.84 b. 73660.84 C. 87038.28 d. 75207,58