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%.At what amount would the liability be reported at on the balance sheet as of the purchase date,after the initial $90,000 payment was made?

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