Altman Company has just signed a capitalizable lease contract for equipment that requires rental payments of $10,000 each, to be paid at the end of each of the next 6 years. The company's discount rate is 8%. What is the amount used to capitalize the leased equipment (i.e. the present value of the lease payments)?

Question 4 options:

a	$ 46,228.80
b	$ 277,372.80
c	$ 60,000.00
d	$ 6,301.70