An Asset Costs $420,000 and Will Be Depreciated in a Straight-Line

An asset costs $420,000 and will be depreciated in a straight-line manner over its 3-year life. It will have no salvage value. The corporate tax rate is 32 percent, and the appropriate interest rate is 8 percent. What lease payment amount will make the lessee and the lessor equally well off?

A) $145,717.08
B) $154,141.11
C) $157,778.03
D) $162,795.34
E) $165,025.50