Your friend offers to pay you an annuity of $2,600 at the end of each year for 3 years in return for cash today. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? Select the correct answer.

a. $6,995.43

b. $7,033.83

c. $7,014.63

d. $7,005.03

e. $7,024.23