Use the Present Value tables found in Appendix E$,$ of your textbook, to answer the following questions. Round each portion of your answer to the nearest dollar.

Sprouts Farmers Market issued bonds on January $1,2025$ with the following terms:

Identify the total cost of borrowing that Sprouts Farmers Market will incur over the life of this debt. $($Round to the nearest dollar.$)$

Select one:

a$.$ $$62,243$

b$.$ $$14,498$

C$.$ $$75,859(incorrect)$

d$.$ $$90,000$

e$.$ $$63,052$