LeaseAfric Ltd. is considering the purchase of a fleet of cars for $337,500.00. It can borrow at 7.5%. The cars will be used for 4 years. The corporate tax rate is 35% and the cars belong in a 30% CCA class. Assuming beginning of period payments and no salvage value, what is the break-even lease payment?

a) $101,024.32

b) $102,422.43

c) $91,632.31

d) $96,328.32

e) $110,104.11