Rachel Corporation purchased a building by paying $96,500 cash on the purchase date, agreeing to pay $51,300 every year for the next eight years and one payment of $106,500 ten years from the purchase date. The first payment is due one year after the purchase date. Rachel's incremental borrowing rate is 9%. The building reported on the balance sheet as of the purchase date is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)

A.) $283,936

B.)$425,423

C.)$516900

D.)328,923