9. On January 1, 2020, Acme enters into a lease contract with Capital Leasing. The lease term is 5 years, the useful life is 10 years, the interest rate implicit in the lease is 5%. The amount to be recovered by the Lessor at the beginning of the lease, which includes the present value of the residual value, is $800,000. The lease is classified as a Finance lease under current accounting rules. Assuming the first payment is due on January 1, 2020, determine the amount of lease payments that are required at the beginning of each of the next 5 years. (answers are rounded) 5%, 5 periods 5%, 10 periods PV Annuity Due 4.54595 8.10782 PV Ordinary Annuity 4.32948 7.72173 a. $175,981 b. $160,000 c. $184,780 d. $103,604