Your Firm Rents Office Space for $250,000 Per Year,due at the BEGINNING

Your firm rents office space for $250,000 per year,due at the BEGINNING of each year.If your firm's hurdle rate is 10%,what is the present value of five years' worth of rent?

A) $871,713.00
B) $947,696.69
C) $1,042,466.36
D) $1,250,000.00