The rate of earnings is 12% and the cash to be received in 2 years is $66,052. Determine the present value amount, using the following partial table of present value of $1 at compound interest. (round to two decimal points).

Year	6%		10%		12%
1	0.943		0.909		0.893
2	0.890		0.826		0.797
3	0.840		0.751		0.712
4	0.792		0.683		0.636

a.$47,029.02

b.$52,643.44

c.$58,984.44

d.$54,558.95