You recently won a contest sponsored by a local radio station. The radio station will pay you $3,000 at the end of each of the next 11 years. Assuming an interest rate of 3%, what is the present value of this prize? EEB (Click the icon to view the present value of $1 table.) EEB (Click the icon to view the present value of annuity of $1 table.) O A. $25,590 B. $47,811 O C. $27,759 O D. $38,424 Data Table Present Value of $1 Periods 10 2% 0.820 0.804 0.788 0.773 0.758 0.743 3% 0.744 0.722 4% 0.676 5% 0.614 6% 0.558 0.527 0.497 0.469 0.7220.650 0.701 0.681 0.661 0.642555. 12 13 14 15 0.625 0.601 0.577 0.557 0.530 0.505 5550.481 0.417 Print Done i Data Table Present Value of Annuity of $1 6% 7.360 7.887 4% Periods 10 3% 2% 8.98358.76 9.787 0.575 11.348 12.106 12.849 8530 | 8101 5% 7.722 8.306 8.863 9.394& 863 9.899 9.253 9.954 9.986.508.384 10.563 9.385:O 12 13 14 15 10.635 11.29610.380 9.295 9.712 11.118 11.938 Print Done