The value of a machine depreciates at 23% 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 answers.
A) $ 252935	B) $ 432935	C) $ 122935	D) $ 112935	E) $ 152935

Rationale: "the value of the machine after two years = 0.77 * 0.77 * 1 , 50,000 = $ 88,935 sp such that a profit of $ 24,000 is made = 88,935 + 24,000 = $ 1 , 12,935 d"
Answer: D