Altek is considering leasing some new equipment for $5$ years with annual $($end of year$)$ payments. The equipment would cost $ $115,000$ to buy and would be depreciated straight$-$line to zero salvage value. The actual salvage value is zero. The applicable pre$-$tax borrowing rate is $8\%.$ The applicable tax rate for both parties is $21\%.$ What is the minimum lease payment that will be acceptable to both parties.