What is the value today of an investment that pays $1,700 every two years forever starting one year from today and $3,400 every two years forever starting two years from today if the APR is 7.25% compounded quarterly? That is, a $1,700 payment occurs 1 year from today, a $3,400 payment 2 years from today, a $1,700 payment 3 years from today, and so on.

a) 31284

b) 32130

c) 32975

d) 33821

e) 34666