Sam was injured in an accident, and the insurance company has offered him the choice of $45,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave him as well off financially as with the annuity?

	a.	$328,799.18
	b.	$427,011.92
	c.	$324,529.06
	d.	$478,253.35
	e.	$333,069.30