A firm is considering the purchase of a new equipment costing $4,941,100 which qualifies for a 27% CCA rate. This equipment has a 4-year life after which it will be worthless. The firm can lease it for $1,501,930 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 29%, and the pre-tax cost of borrowing is 7.54%. What would the lease payment have to be for both the lessor and lessee to be indifferent to the lease? 2 $1,436,422 $1,474,222 $1,512,023 $1,549,823 $1,587,624