Rachel Corporation Purchased a Building by Paying $90,000 Cash on the Purchase

Rachel Corporation purchased a building by paying $90,000 cash on the purchase date, agreeing to pay $50,000 every year for the next nine years and $100,000 ten years from the purchase date. The first payment is due one year after the purchase date. Rachel's incremental borrowing rate is 10%. The liability reported at on the balance sheet as of the purchase date, after the initial $90,000 payment was made, is closest to:

A) $326,500.
B) $460,000.
C) $287,950.
D) $416,500.