A financial lease has the following characteristics: Asset cost: $$10,000$; tax rate: $30$ percent; CCA rate: $20$ percent; after$-$tax cost of capital: $15$ percent, lease term: $4$ years, with $$2,500$ annual lease payments and tax shields in advance, and salvage and UCC tax shields in Year $4.$ Salvage is zero. The asset is part of a large pool. What important timing considerations should an analyst watch for in this analysis? What is its present value?