Your company seeks to take over Good Deal Company. Companies offer for Good Deal is for $3 million in cash upon signing the agreement followed by 10 annual payments of $300,000 starting one year after the agreement. The time value of money is 10%. What is the present worth of your companies offer?
A. $5,281,830
B. $3 million
C. $2,281,830
D. $4,843,380