Amanda Is Ready to Retire and as a Retirement Benefit

Amanda is ready to retire and as a retirement benefit, she can choose to take $380,000 now or $50,000 at the end of each year for a period of 10 years. To compare the two options, she must calculate the present value of both alternatives. She believes a discount rate of 5% would be the most appropriate rate to apply. How much is the present value if she takes the option of $50,000 a year for 10 years? Please refer to the following data, if needed:
$$\begin{array} { | r | r | r | r | r | r | r | } \hline \begin{array} { r } \text { Present Value of } \\\text { an Annuity of \$1 }\end{array} & & & & & & \\\hline 1 & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% & 10 \% \\\hline 2 & 1.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 \\\hline 3 & 2.723 & 2.83 & 1.808 & 1.783 & 1.759 & 1.736 \\\hline 4 & 3.546 & 3.465 & 2.624 & 2.577 & 2.531 & 2.487 \\\hline 5 & 4.329 & 4.21 & 4.100 & 3.312 & 3.240 & 3.170 \\\hline 6 & 5.076 & 4.917 & 4.767 & 4.623 & 3.890 & 3.79 \\\hline 7 & 5.786 & 5.58 & 5.389 & 5.206 & 5.033 & 4.355 \\\hline 8 & 6.463 & 6.210 & 5.971 & 5.747 & 5.535 & 5.335 \\\hline 9 & 7.108 & 6.80 & 6.515 & 6.247 & 5.995 & 5.759 \\\hline 10 & 7.722 & 7.360 & 7.024 & 6.710 & 6.418 & 6.145 \\\hline\end{array}$$

A) $380,000
B) $386,100
C) $321,000
D) $399,000