Using the following partial table of present value of $1 at compound interest, the present value of $50,067 to be received 3 years hence with earnings at the rate of 6% a year is

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. $34,195.76

b. $31,842.61

c. $39,653.06

d. $42,056.28