For the Following Lease,determine the Minimum Lease Payments for the Lessee

For the following lease,determine the minimum lease payments for the lessee. $\begin{array}{|l|l|}\hline\text { Annual lease payment at the end of the end } & \$ 23,000 \\\hline \text { Lease term } & 5 \\\hline \text { Incremental rate } & 10 \% \\\hline \text { Implicit rate (knownto lessee) } & 8 \% \\\hline \text { Unguaranteed residual value } & 5,000 \\\hline \text { Guaranteed residual value } & 20,000\\\hline\end{array}$

A) 91,832
B) 102,711
C) 105,444
D) 108,847