A firm is considering the purchase of a new equipment costing $5,474,545 which qualifies for a 30% CCA rate. This equipment has a 4-year life after which it can be sold for $1,110,540. The firm can lease it for $1,664,080 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 32%, and the pre-tax cost of borrowing is 8.26%. What is the break-even lease payment? Question 15 options: $1,181,868 $1,211,415 $1,240,961 $1,270,508 $1,300,055