20. Dice Inc. Purchased a tract of land by paying $50,000 cash and signing a $150,000, zero-interest bearing note that will mature in 5 months. The market rate for this type of note is 12%. At the point of purchase, Dice should record a land value of:

a. $ 192,500

b. $ 150,000

c. $ 142,000

d. $ 207,000

e. $ 200,000