Rachel Corporation purchased a building by paying $92,500 cash on the purchase date, agreeing to pay $50,500 every year for the next seven years and one payment of $102,500 ten years from the purchase date. The first payment is due one year after the purchase date. Rachel's incremental borrowing rate is 8%. The liability reported at on the balance sheet as of the purchase date, after the initial $92,500 payment was made, is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)

$310,399.

$402,899.

$262,922.

$456,000.