Viness Corporation bought a piece of machinery. Selected data is presented below:

Useful life $6$ years

Yearly net cash inflow $$45,000$

Salvage value $-0-$

Internal rate of return $18\%$

Cost of capital $15\%$

Present value tables or a financial calculator are required.

The initial cost of the machinery was

Select one:

a$.$ $$170,303$

b$.$ $$174,992$

c$.$ $$157,392$

d$.$ $$165,812$