1. You are given the following information on a 5-year lease: * Firm is in the 40% tax bracket * Asset net purchase price = $10,000 * There is a $440 set up cost and an annual maintenance cost = $440 for the first 4 years. * Asset is a 5-year MACR asset for depreciation purposes. 5-yr MACR Schedule: 20%, 32%, 19.2%, 11.52%, 11.52%, 5.76% * Annual lease payment (due at the start of each year) = $2,750 $2,000 * The will be sold in year 5 with a residual value of the asset in year 5 : What is the NPV of this lease for the lessor if it uses a 0.050 discount rate? = NOTE: Enter you answer with two decimal places and no dollar sign. If your answer is $31.468, enter 31.47