Madden Industries manufactures equipment for sale or lease. The equipment has a fair value or "selling price of $600,000 and it costs $450,000. The equipment has no residual value at the end of the lease and the lease do not contain bargain purchase options. Madden wishes to earn 12% interest on a four-year lease of this equipment Whe is the amount of the annual lease payment to be made at the beginning of each year as calculated by Madden A. S132,282 B. $150,000 CS176,376 D. S112,500