A bank is negotiating a loan. The loan can either be paid off as a lump sum of $ 140000 at the end of six years, or as equal annual payments at the end of each of the next six years. If the interest rate on the loan is 7%, what annual payments should be made so that both forms of payment are equivalent?

A. $ 15 657

B. $ 31314

C. $ 27399

D. $ 19571