Wally purchased a private annuity two years ago that would pay him $30,000 for life. At his death, the annuity will pay his wife, Deana, $15,000 per year for life. Wally died last week and his executor must determine the value of his gross estate. Deana is age 64 and the 7520 rate is 6%. What amount of the annuity is included in Wallys gross estate?

a. Nothing- the annuity ends at Wallys death

b. The PV of Deanas future income stream of $152,477

c. The amount the insurance company would charge for a single annuity on Deanas life

d. The value of the annuity multiplied by the cost basis