Brown Limited purchased a machine (annual allowance: 30% ) on hire-purchase terms during the year of assessment 2016/17 for the use of its Hong Kong business. The cash price of the machine is $1.2 million. Monthly capital repayment is $50,000 for a period of two years. Interest repayment per month is $2,500. The first installment was paid in September 2016 . Brown Limited's accounting year end date is 31 December each year. The amount of initial allowance which Brown Limited is entitled to claim for the year of a5sessment 2016/17 is: Select one: a. $270,000. b. $114,000. c. $120,000. d. $200,000