RMIMS has taken a building on lease for 5 years. The lease contract is in the form of quarterly payments at a 10% stated annual interest rate (APR) compounded quarterly. The PV of lease payments is equal to INR 50 crores. Suppose that the first payment is due at the end of the first quarter. What will the lease payments be every quarter (in INR crores till 2 decimal places)? Select one:

a. 4.04 b. 3.21 c. 2.50 d. 4.50