AH COMM Leasing Company has been asked by a GPG Engineering to quote on a 4-year lease for critical plant and equipment with a cost of $380,000. The equipment can be depreciated for tax purposes over 4 years. The plant and equipment has a residual value equal to 8% of the original cost of the equipment and is to be received at the end of the lease period, COMM Leasing Company pays tax at 30% and requires a return of 14% per annum after tax from its leasing business All lease payments are received in advance at the start of the year - (annuity due). Required: What is the minimum annual lease Engineering? ayment that COMM Leasing Company should quote GPG