You own the only Monet "Water Lillies" painting. The bid price today is $1,000,000. The market rate of interest is 6%. To be indifferent between selling today and selling a year from now (ignoring storage costs):

a. P(Future) = $943,396

b. P(Future) = $1,000,000

c. P(Future) = $1,006,000

d. P(Future) = $1,060,000

e. P(Future) = $1,600,000

Please rationalize how you got to the answer.