You are purchasing a production machine for your company. Through drawing a loan for this

purchase, you can pay $$10,000$ a year, at the beginning of each year, for $15$ years, The lender

asks that you also make an additional $$5,000$ payment at the end of year $15.$ Assume the cost of

capital is $10\%.$ What is the present value $c$ this purchase? Hint: you may use the PV function.

a$.57,777\mathrm{.}78$

b$.76\mathrm{.}000\mathrm{.}80$

c$.83\mathrm{.}666\mathrm{.}87$

d$.84,863\mathrm{.}83$

e$.45,567\mathrm{.}90$

f$.$ None of the choices