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 assessment 2016/17 is: Select one: a. $210.000. b. $114,000. Oc. $120,000. Od. $200,000.