The present value of a perpetuity, with the first cash flow paid in 5 years time, is equivalent to the present value of $150,000 that is to be paid in 14 years time. The perpetuity and the lump sum have a required rate of return of 10%. What is the annual cash flow associated with the perpetuity?

	a.	6,361.46
	b.	5,783.15
	c.	6,997.61
	d.	7697.37
	e.	None of above