Perpetuity: Your Father Is 60 Years Old and Wants to Set

Perpetuity: Your father is 60 years old and wants to set up a cash flow stream that would be forever. He would like to receive $20,000 every year, beginning at the end of this year. If he could invest in account earning 9 per cent, how much would he have to invest today to receive his perpetual cash flow? (Round to the nearest dollar.)

A) $222,222
B) $200,000
C) $189,000
D) $235,200