The rate of earnings is 6% and the cash to be received in 4 years is $82,603. 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.$56,417.85

b.$52,535.51

c.$69,386.52

d.$65,421.58