A Firm Issues $200 Million in Ten-Year Bonds with an Annual

A firm issues $200 million in ten-year bonds with an annual coupon rate of 6%.The firm uses a sinking fund to repurchase 8% of the bond issue on each coupon payment date.What payment must they make on the tenth and final coupon payment?

A) $40 million
B) $52 million
C) $56 million
D) $68 million