You inherited an oil well that will pay you $39,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7.5%, how much should you ask for it if you decide to sell it?
A. $565,476.20
B. $359,848.49
C. $387,888.64
D. $467,335.71
E. $579,496.27
Answer: D
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