An asset costs $$357,000$ and will be depreciated in a straight$-$line manner over its three$-$year life. It will have no salvage value. The lessor can borrow at $7$ percent, and the lessee can borrow at $10$ percent. The corporate tax rate is $34$ percent for both companies. Assume the lease payments are made at the end of each year. $($Do not round intermediate calculations. Round the final answers to $2$ decimal places. Omit $ sign in your response.$)$

a$.$ This part of the question is not part of your Connect assignment.

b$.$ What lease payment amount will make the lessee and the lessor equally well off?

Lease payments

$

c$.$ Assume that the lessee pays no taxes and the lessor is in the $34$ percent tax bracket. For what range of lease payments does the lease have a positive NPV for both parties?

Range more than $ but less than $