The Dilbert Co. sells annuities.One such annuity pays $700per quarterfor 25 years. You're requiredreturn is 5.5 percent annually with quarterly compounding. What is the most you would pay today to purchase this annuity? Assume the first payment would be received at the end of the quarter.

A) $40,525.49

B) $37,916.12

C) $37,789.47

D) $41,704.63

E) $37,559.01