The rate of earnings is 6% and the cash to be received in one year is $97,638.00. Determine the present value amount, using the following partial table of present value of $1.00 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

Select the correct answer.

$77,329.30

$92,072.63

$88,752.94

$87,874.20