The value of a machine depreciates at 21% per annum. If its present value is $1,50,000, at what price should it be sold after two years such that a profit of $24,000 is made?
Choose the correct choice from the following options:	A) $ 257615	B) $ 437615	C) $ 127615	D) $ 117615	E) $ 157615

Rationale: "the value of the machine after two years = 0.79 * 0.79 * 1 , 50,000 = $ 96,000 sp such that a profit of $ 24,000 is made = 93,615 + 24,000 = $ 1 , 17,615 d"
Answer: D