On January 1, 2020, Bahrain Corporation signed a five-year noncancelable contract to lease equipment from Oman Company The terms of the lease called for Bahrain Corporation to make annual payments of $60.000 at the begining of each year for five years. At the termination of the lease, the equipment reverts to the lessor The equipment has an estimated useful life of 7 years Fitimated residual value after five years $5,018, and Bahrain Company guarantees the residual value Bahan Company uses the straight-line method of depreciation for all its fixed are Bahrain Company accordingly accounts for this lease transaction is a finance lease. The present value of the rental payments as $227.418 and the present value of guantted residual value is $2,815 Compute the prosent value of the minimum loase payments O A $224,633 O $227448 $230,263 D. $300,000 12:27 PM EN ENG