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PLEASE SHOW WORK AND FORMULAS! You inherited an oil well that will pay you $26,000 per year for 25 years, with the first payment being

image text in transcribedPLEASE SHOW WORK AND FORMULAS!

You inherited an oil well that will pay you $26,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7.5%, how much should you ask for it if you decide to sell it? A). $289.820.59 B). $295,979.28 C). $320,903.85 D). $311,557.14 E). $339,597.28

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