GIVING 30 POINTS!! The value of a rare painting has increased each year since it was found at a garage sale. The value of the painting is modeled by the function f(x) = 799(1.03)x. What does the 799 represent? What will the painting be worth after 5 years? Round your answer to the nearest dollar. (2 points)

799 represents the value of the painting when it was found; the painting will be worth $926 after 5 years

799 represents the increase in the value of the painting; the painting will be worth $103 after 5 years

799 represents the value of the painting when it was found; the painting will be worth $804 after 5 years

799 represents the total value of the painting; the painting will be worth $926 after 5 years