The rate of earnings is 12% and the cash to be received in two years is $98,405. Determine the present value amount, using the following partial table of present value of $1 at compound interest: (round to two decimal points). Year 10% 12% NM + 6% 0.943 0.890 0.840 0.792 0.909 0.826 0.751 0.893 0.797 0.712 0.636 0.683 a. $70,064.36 b. $78,428.79 c. $81,282.53 d. $87,875.67