(Ignore Income Taxes in This Problem

(Ignore income taxes in this problem.) Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse.The annual payment under the lease will be $2,468.The first payment will be at the end of the current year and all subsequent payments will be made at year-ends.If the discount rate is 5%,the present value of the lease payments is closest to:

A) $12,528
B) $14,103
C) $14,808
D) $11,050