Your neighbor Bob has two annuities. The first annuity will pay him $10,000 per month for the next 10 years. The second annuity will pay him $15,000 per month for the following 10 years (years 11 through 20). Assuming a discount rate of 6%, what is the present value of the annuities?

a) $2,251,837

b) $906,288

c) $900,735

d) $3,000,000

e) $1,643,345