You have received a settlement offer from an automobile manufacturer due to mechanical problems with your automobile. The manufacturer will pay you $ 16,000 in one lump sum eight years from now. You can earn 10% on your investments. The present value of the manufacturer's settlement offer is closest to (If using present value tables, use factor amounts rounded to three decimal places, XXXX Round your final answer to the nearest whole dollar) (Click the icon to view Present Value of $1 table. (Click the icon to view Present Value of Ordinary Annuity of $1 table.) O A. $16,000 B. $7,472 OC. $34,297 OD. $14.400 Present Value of $1 Periods Present Value of $1 7% 8% 4% 5% 6% 10% 12% 14% 16% BEDCOWN 0.962 0.952 0943 0935 0.926 0909 08930877 0.925 0.907 0 890 0.873 08570826' 0.797 0.769 0.889 0.864 0.840 0.816 | 0794 0751 0.712 0.675 0.855 0.823 0.792 0.76307350 6830636 0.592 0.822 0.784 0.74707130681 0.621 0567 0.519 0.790 0.746 0.7050 666 0.630 0.564 0.507 0.456 0.760 0 711 06650623 0.5830513 0.452 0.400 10.731 06770627 0.5820.540 0467 0.404 0.351 9 0.703 0.615 0.592 0.54405000124 0361 0.308 100.676 0.614 0.558 0.5080463 0.3860322 0.270 110.650 0.585 0.527 0.475 0.429 0.3500 287 0.237 12 0.625 0.557 0.4970444 0.397 0.319 0257 0.208 13 0.601 0.530 0.469 0.415 0.368 0.290 0 229 0.182 14 0.577 0.505 0.442 0.388 0.340 0.263 0205 0.160 15 0.5550 .481 0.417 0.362 0.315 0.239 0.183 0.140 16 0.534 0.458 0.394 0.3390.292 0218 0.163 0.123 0.513 0.436 0.371 0.317 0.270 0.198 0.146 0.108 18 0.494 0.416 0.350 0.296 0.250 0.180 0.130 0.095 190 .475 0.396 0.331 0.2770.232 0.164 0.116 0.083 20 0.456 0.377 0.312 0.258 0.215 0.149 0.104 0.073 0.862 0.743 0.641 0.552 0.476 0410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 Print Done automobile The C ada cotllament offer from an automobile manufacturer due to mechanical problems with val - A A les Present Value of Ordinary Annuity of $1 ble Present Value of Ordinary Annuity of $1 6% 7% 8% | 10% 12% Periods 4% 5% 14% 16% 1 9 10 0.962 0.952 0.943 | 0.935 0.926 0.909 0.893 0.877 0.862 1.886 1.859 1.833 1808 1.783 1.736 1.6901.647 1.605 2.775 2.723 2.673 2.624 2.577 2.487 2.4022.3222.246 3.630 3.546 3.465 3.387 3.312 3.1703.037 2.914 2.798 4.452 4.329 4.212 4.100 3.993 3.7913.605 3.433 3.274 5.2425.076 | 4.917 4.767 4.623 4.355 4.111 3.8893.685 16.0025.7865.582 5.389 5.206 4.868 4.564 4.288 4.039 6.733 6.463 6.210 5.971 57475.335 4.968 4.6394344 7.4357.108 6.802 6.515 6.247 5.759 5.328 14.9464.607 8.111 7.722 7 360 7.024 6.710 6.145 5.650 5.216 4.833 8.760 8.306 7.887 7.499 7.139 6.495 5.938 5.453 5.029 9.3858.863 8.384 7.9437.536 6.814 6.194 5.6605.197 9.986 9.394 8.853 8.358 7.904 7.1036 .424 5.842 5.342 10.563 9.899 9.295 8.745 8.244 7.3676.628 6.002 5.468 11.118 10.380 9.712 9.108 8.559 7.606 6 .811 6.142 5.575 11.652 10.838 10.106 9.447 8.8517.824 6.974 6.265 5.668 12.166 11.274 10.477 9.763 9.122 8.022 7.120 6.373 5.749 12.659 11.690 10.828 10.059 9.372 8.2017.250 6.467 5.818 1 3.134 12.085 11.158 10336 9.604 8.365 7366 6.550 5.877 13.590 12.462 11.470 10.594 9.818 8.514 7.469 6.623 5.929 12 13 14 15 16 17 18 19 20 Print Done