Your uncle offers you a stream of payments whose present value, today, is $62,000. There are 15 equal annual payments in the stream. The first payment in the stream occurs seven years from today. If the interest rate is 14%, then what is the value of each payment?

A) $22,156.40

B) $19,435.43

C) $25,258.29

D) $28,794.45

E) $10,094.16