You plan to accumulate $24,000 for a car in 5 years time. To do this, you will make 20 level deposits (quarterly) with the first deposit today. If you earn 14.7% per annum compounding quarterly, what regular deposit will be needed? (round to nearest cent; dont use $ sign or commas)

a. $803.97

b. $833.52

c. $1708.55

d. $3121.87