You can select one of these five payoffs. If your discount rate is 11.5% (annual compounding), which payoff is the most valuable, i.e. has the greatest present value? A. A lump sum payment of $10,000 today. B. A lump sum payment of $25,000 at the end of 10 years. C. A perpetual stream of annual payments starting at $500 in one year and increasing at 5% per year thereafter. D. Five annual payments of $2,800 - the first payment occurs one year from today. E. A perpetual stream of annual payments of $1,000 starting in one year.