1. Dole Company (Lessee) desires to lease a piece of equipment from Deere & Company (Lessor).The equipment will cost $100,000.The lease term will be 5 years.Lease payments will be made at the beginning of each year.Deere expects to depreciate the equipment on a straight line basis to 0.The salvage value is expected to be $10,000.Deere's tax rate is 40%, and its opportunity cost is 11%.What lease payment should Deere charge Dole for the equipment?