A Company Is Considering an Investment That Will Return $22,000

Multiple Choice

A company is considering an investment that will return $22,000 semiannually at the end of each semiannual period for 4 years. If the company requires an annual return of 10%, what is the maximum amount it is willing to pay for this investment? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

A) Not more than $88,000
B) Not more than $139,476
C) Not more than $69,738
D) Not more than $176,000
E) Not more than $142,190