Question: Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $50,000 up front and a

Jenkins Security has learned that a rival has offered to supply

Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $50,000 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 cost of capital of 8%.) O A. - $4,169 OB. - $3,938 O C. - $3,706 OD. - $4,633

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