On January $1,2021,$ Lang Corporation leased a ship from Fort Company for an eightyear period expiring December $30,2029.$ Equal annual payments of $$500,000$ are due on January $1$ of each year, beginning with January $1,2021.$ The lease is properly classified as a finance lease on Lang $\text{'}$s books. The present value on January $1,2021$ of the eight lease payments over the lease term discounted at $10\%$ is $$2,934,213.$ Assuming all payments are made on time, the amount that should be reported by Lang Corporation as the interest expense for this lease for $2021$ was

a$)$ $$500,000.$

b$)$ $$217,763.$

c$)$ $$293,421.$

d$)$ $$243,421.$