Sheffield Corp. wishes to accumulate $1550000 by May 1, 2025 by making 8 equal annual deposits beginning May 1, 2017 to a fund paying 10% interest compounded annually. What is the required amount of each deposit

A) $290540

B) $168260

C) $135539

D) $123217

Use the following 10% interest factors. Present Value of Future Value of 7 periods 8 periods 9 periods Ordinary Annuity 4.8684 5.3349 5.7590 Ordinary Annuity 9.48717 11.43589 13.57948