A freight-hauling firm estimates that it will need a new forklift in six years. The estimated cost of the vehicle is $40,000. The company sets up a sinking fund that pays 8% compounded semiannually, into which it will make semiannual payments to achieve the goal. Calculate the size of the payments. Show work. A. $2662.09 C. $2107.80 B. $1023.47 D. $1323.71