Your Firm's Existing Bonds Trade with a Yield to Maturity

Your firm's existing bonds trade with a yield to maturity of eight percent.The state of Missouri has offered to loan your firm $10,000,000 at zero percent for five years.Repayment will be of the form of $2,000,000 per year for five years; the first payment is due in one year. What is the value of this offer?

A) $4,729,622.75
B) $2,014,579.93
C) $0
D) $196,929.88