A firm is considering the purchase of a new equipment costing $4,585,470 which qualifies for a 25% CCA rate. This equipment has a 4-year life after which it will be worthless. The firm can lease it for $1,393,830 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 27%, and the pre-tax cost of borrowing is 7.06%. What would the lease payment have to be for both the lessor and lessee to be indifferent to the lease? $1,320,094 $1,354,833 $1,389,573 $1,424,312 $1,459,051