One acre of agricultural land has been given on a lease till perpetuity at an annual rent of Rs. 10,000 to be paid at the end of each year. Net Present Value of the land parcel in Rupees assuming a discount rate of 5% per annum is ___________

• A. 200000 to 200000
• B. 300000 to 350000
• C. 100000 to 200000
• D. 50000 to 150000