A new machine will cost $$50,000.$ The vendor offered $100\%$ financing at $8\%$ annual interest over $10$ years. What is the annual payment?

Pick one choice from A to E and show work.

A$)$ $$3,333$

B$)$ $$7,450$

C$)$ $$8,125$

D$)$ $$10,500$

E$)$ $$11,222$