Mays Company has a machine with a cost of $600,000, which also is its fair value on the date the machine is leased to Park Company. The lease is for six years, and the machine is estimated to have an unguaranteed residual value of $60,000. If the lessor's interest rate implicit in the lease is 12%, the six beginning-of-the-year lease payments would be ________.

$138,541

$123,698

$117,270

$100,000