Final answer:
The question cannot be accurately answered without further information on the debt amount, interest rate, and repayment term. The provided monetary figures and formula are unrelated to the specifics needed to answer the student's query about payment increases.
The correct answer is none of all.
Step-by-step explanation:
To calculate the percent increase in total payments if Lucas pays the minimum rather than a higher monthly payment, we need to find the difference between the two total payment amounts and then divide by the initial payment amount. Assuming the context involves a loan or debt of some amount, paying less per month would indeed result in a higher total paid due to interest accrual, though the exact figures for these payments are not given in the question provided. For a more accurate calculation, specific details about the debt amount, interest rate, and repayment term are needed to determine the total amounts paid under each payment plan.
However, if we take the given context example: the discounted cash flows that add up to $51.3 million, we can infer that paying less per month would result in more interest being paid over time, leading to an increase in the total repayment amount. This increase does not match with any of the provided answer choices, and thus, without additional details about the debt or loan in the original question, it is impossible to determine the correct percent increase associated with paying the minimum payment.