PLEASE DISREGARD DECIMAL SPANCES IN THOSE ANSWERS ENDING WITH .00

JK Industries just signed a sales contract with a new customer. JK will receive annual payments in the amount of $62,000, $62,000, $62,000, and $62,000 at the end of Years 1 to 4, respectively. What is this contract worth at the end of Year 4 if the firm earns 4.3 percent on its savings? Please show how you got the answer.

A. $287,518.00

B. $298,178.00

C. $224,459.00

D. $278,458.00

E. $264,459.00