Note to Student: To answer this question, use the factor tables located at the bottom of this problem. On 1/1/X1, Hagrid Corp. financed the purchase of a building costing $800,000 by issuing an installment note. The interest rate on the note is 12% compounded yearly. The note will be paid off in ten equal yearly installments with the first payment due one year from the note's issuance. Question: Rounded to the nearest whole dollar, what should be the minimum amount of each installment payment? FACTOR TABLES Future Value of a Lamp Sum ( PV) of $1 6 8 10 80% 1.58687 1.85093 2.15892 10% 1.77156 2.14359 2.59374 12% 1.97382 2.47596 3.10585 Present Value of a Lump Sum (PV) of si 6 8 10 80% 63017 .54027 .46319 1096 56447 .46651 .38554 126 50663 .40388 .32197 Future Value of an Annuity (FVA) of $1 6 8 10 8% 7.3359 10.6366 14.4866 10% 7.7156 11.4359 15.9374 12% 8.1152 12.2997 17.5487 Present Value of an Annuity (PVA) of $1 6 8% 4.62288 5.74664 6.71008 10% 4.35526 5.33493 6.14457 12% 4.11141 4.96764 5.65022 8 10 Select one: O a. $45,587 O b. $141,587 O c. $257,578 O d. $176,000 O e. $80,000