Procter and Gamble (P&G) is considering acquiring new manufacturing equipment worth $20 million. If P&G purchases the equipment. the equipment will be straight line depreciated to zero dollars in fore years. The retired machine is expected to have a market value of $4 million. P&G will also be responsible for maintenance expenses of $2 million per year. Alternatively, P&G can lease the equipment for $4.5 milion per year for five years, in which case the lessor will provide necessary maintenance. The annual lease payment starts at the end of the first year. The lessor will depreciate the machine in the same way as P&G. 40% tax rate and 7.5% borrowing cost would apply to both lessor and leasee. What is the reservation lease payment of the lessor? O A 54.12 million OB. 53.72 million OC. 56.2 million O 0.56.6 million