The cost of the machine is Rs. 20,00,000, and if it is purchased under instalment basis; the company has to pay 25% of the cost at the time of purchase and the remaining amount in 10 annual equal instalments of Rs. 2,50,000 each. If rate of interest is 18%, compounded annually the present worth of the machine will be

• A. Rs. 17,01,000
• B. Rs. 16,22,500
• C. Rs. 15,43,000
• D. Rs. 14,64,500