Assume a 6-Year Franchise Is Expected to Generate Profit at the Rate

Multiple Choice

Assume a 6-year franchise is expected to generate profit at the rate of $\sqrt [ 3 ] { t ^ { 2 } + 19,000 }$ dollars per year.If,over the next 6 years,the prevailing annual interest rate remains fixed at 7%,compounded continuously,what is the present value of the franchise? Use Simpson's rule with n = 6 to approximate the integral.Round your answer to two decimal places.

A) $1,123.47
B) $561.73
C) $374.49
D) $337.04