Question: You own an oil well that will pay you $25,000 per year for eight years, with the 1st payment being made today. If you consider a fair return on the well is 7 percent, how much should you ask if you decide to sell it?
[A] $217,513
[B] $315,976
[C] $288,349
[D] $159,732
[E] $116,110