please show your work on paper. The answer is already given. DO NOT USE EXCEL

17) Dylan Dewey Esquire from the firm of Dewey, Cheatum, and Howe, has been offered an upfront retainer of $30,000 to provide legal services over the next 12 months to Nolan Transcontinental. In return for this upfront payment, Nolan Transcontinental would have access to 8 hours of legal services from Dylan for each of the next 12 months. Dylan's normal billable rate is $250 per hour for legal services. Assuming that Dylan's monthly cost of capital is 0.9488%, then the NPV of his retainer offer is closest to: a) $9202. b) $9202. c) $5648. d) $5648. e) $7416. f) $7416