of 32 An investment pays $2.000 every second year for 20 years (a total of 10 payments). The first payment will be paid in two years. Your opportunity cost is 8% compounded semi-annually. The present value of this investment is (Note: please retain at least 4 decimal places in your calculations.) Select one: a. $9,600.33 O b. $8,937.25 O c. $9,322.00 O d. $8,577.24 O e. $10,254.31