The rate of earnings is 6% and the cash to be received in 4 years is $89,473. The present value amount, using the following partial table of present value of $1 at compound interest, is (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) $61,110.06

B) $56,904.83

C) $75,157.32

D) $70,862.62