Harry Enterprises purchased store equipment by making a 50,000 cash down payment and signing a 2-year, 150,000, 10% note payable, payable in two equal annual installments. The annual interest rate is also 10%. The cash price of the store equipment is P185,000. What is the cost of store equipment?

a. 200,000

b. 180,165

c. 173,967

d. 185,000