Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $40,000 up front and a further $15,000 per year. If Jenkins Security offers to provide...

Extracted text: Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $40,000 up front and a further $15,000 per year. If Jenkins Security offers to provide security for eight years for an upfront cost of $70,000 and a separate yearly payment, what is the maximum that this yearly payment can be so that Jenkins' offer matches the equivalent annual annuity of their rival's offer? (Assume a cost of capital of 8%.) O A. - $2,671 O B. - $3,142 Oc. - $2,828 O D. - $2,514