The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: 

A) $190,400 

B) $204,600 

C) 277,900 

D) $336,300