A firm is considering the purchase of a new equipment costing $5,296,730 which qualifies for a 29% CCA rate. This equipment has a 4-year life after which it will be worthless. The firm can lease it for $1,610,030 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 31%, and the pre-tax cost of borrowing is 8.02%. What would the lease payment have to be for both the lessor and lessee to be indifferent to the lease?

options: $1,636,141 $1,677,044 $1,717,948 $1,758,852 $1,799,755