The treasurer of DEF Imports expects to invest $710,000 of the firm's funds in a long-term investment vehicle at the beginning of each year for the next 2 years. He expects that the company will earn 8% interest that will compound annually. The value that these payments should have at the end of the 2-year period is calculated as:

Select one: a. $1,594,944.00 b. $1,890,304.00 c. $1,225,744.00 d. $1,004,224.00 e. $2,333,344.00