If the Interest Rate Is 8 Percent, a Person Who

If the interest rate is 8 percent, a person who is offered the opportunity to buy an annuity paying $30, 000 per year forever should

A) do so if the price is greater than $375, 000
B) do so if the price is less than $375, 000
C) be willing to pay only $37, 037 for it
D) be willing to pay $77, 037 for it
E) be willing to pay no more than $300, 000 for it