1) Titanic Corporation leased executive limos under terms of a $14,000 first payment upon signing the lease and four equal annual payments of \$21,000 on the anniversary date of the lease. The interest rate implicit in the lease is 9%. The first year's interest expense would be: (FV of \$1, PV of \$1, FVA of \$1, PVA of SI, FVAD of SI and PVAD of S1) (Use appropriate factor(s) from the tables provided.) A) $6930. B) $5040. C) $2721. D) $6123