You currently own an annuity that will pay you 50 at the end of each year for 30 years. You would like to convert it into a 50 perpetuity by paying an additional amount today. If the appropriate discount rate for all of the cash flows is 5.7%, then what amount should you have to pay today in order to convert the annuity into a perpetuity?

A) 877.19

B) 710.91

C) 166.28

D) it would take an infinite amount of money to convert an annuity into a perpetual cash flow