Happy-Go-Lucky Superannuation Plan Provides the Following Information Relating to the Period

Happy-go-lucky Superannuation Plan provides the following information relating to the period ended 30 June 2004:

The actuarial assumption used to calculate the liability was that the individual would take the benefit as a lump sum on retirement in 6 years' time. What is the present value of the expected future benefit payment (rounded to the nearest dollar) ?

A) $333,171
B) $298,134
C) $373,108
D) $121,613
E) None of the given answers.