Question 17 On January 1, 2016, The Hammel Company (lessee) entered into a five-year, noncancelable lease for a machine with payments of $25,981.62 due each January 1. The first payment is due January 1, 2016. The McMillan Company (lessor) has a 10% interest rate known by Hammel. Other data Not yet answered Points out of 3.00 Flag question Fair Value and Book Value of machine: $100,000 Property Taxes included in annual S25,981.62 payments: $2,000 No renewal options. No salvage value. Straight-line depreciation used by both lessee and lessor . Economic life of the asset is 5 years. McMillan's Interest Revenue will be: Select one: 0 a. Zero in 2016, but an amount in year 2017 through 2020 that is higher every year O b. Zero in 2016, but an amount in year 2017 through 2020 that is lower every year O c. An amount in 2016 through 2020 that is higher every year O d. An amount in 2016 through 2020 that is lower every year