Wilson Company has a machine with a cost of $250,000 which also is its fair market value on the date the machine is leased to Berger Company. The lease is for 6 years and the machine is estimated to have a residual value of zero. If the lessors implicit interest rate is 6%, the six beginning-ofthe-year lease payments would be:

a. $47,962.92

b. $50,840.70

c. $55,639.51

d. $60,223.43