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You inherited an oil well that will pay you $12,000 per year for 25 years, with the first payment being made today. If you think

You inherited an oil well that will pay you $12,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7.5%, how much should you ask for it if you decide to sell it?

a. $175,430.63

b. $178,306.55

c. $135,167.87

d. $143,795.60

e. $171,116.77

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