00 BOOK Brief Exercise 15-7 (Algo) Sales-type lease;lessor, calculate lease payments [LO15-3] Manning Imports is contemplating an agreement to lease equipment to a customer for two years. Manning normally sells the asset for a cash price of $160,000. Assume that 10% is a reasonable rate of interest (FV of S1. PV or $1. EVA of $1. PVA of S1 EVAD of $1 and PVAD - 51) (Use appropriate factor(s) from the tables provided.) What must be the amount of quarterly lease payments (beginning at the commencement of the lease) in order for Manning to recover its normal selling price as well as be compensated for financing the asset over the lease term? (Round your answers to nearest whole number and round percentage answer to 1 decimal place.) Print PV factors based on Table or Calculator function PV of Lease Lease Payment