Hello , I need help with this question please !!

On December 31, Year 1, Strickland Corp. signed a 7-year capital lease for an airplane. The airplane's fair value was $780,300, which is the present value of the lease payments to be used to account for this capital lease. Strickland then made the first annual lease payment of $153,000 on December 31, Year 1. What amount should Strickland report as total capital lease liability in its December 31, Year 1 balance sheet?

Select one:

a. $933,300

b. $780,300

c. $703,800

d. $627,300