You Neighbour Makes You the Following Offer

You neighbour makes you the following offer. He will pay you back the money he borrows today over the next 10 years. He will make yearly payments with the first payment being for $1,000 at the end of this year. The payments will grow by 10% every year thereafter. If the appropriate discount rate is 12%, how much would you be willing to lend your neighbour today?

A) $5,650.22
B) $6,144.57
C) $8,244.22
D) $10,000.00
E) $50,000.00