On December 31, 2021. Langford Corporation leased machinery from Fortrell Company for an eight-year period expiring. December 30, 2029. Equal annual payments of $500.000 are due on December 31 of each year, beginning with December 31,2021 , The lease is. properly classified as a finance lease on Langford 's books. The present value at December 31,2021 of the elght lease payments over the lease term discounted at 10% is $2,934,213. Assuming all payments are made on time, the amount that should be reported by Langtord Corporation as the total liability for finance leases on its December 31,2022 balance sheet is: A. 33.000.000 11. $2.500,397 c $2,727,635 D. $2.177.634