An asset has an installed cost of $250,000, a life of 5 years, a CCA rate of 30%, and a salvage value of $5,000. This asset can be leased for 5 years, with the lease payments due at the beginning of each year. The lessee's marginal tax rate is 35% and borrowing cost is 10%. What is the break-even lease payment if we assume that the lessee and lessor have the same marginal tax rate? Round your answer to the nearest dollar.

Multiple Choice

• $69,125

• $61,763

• $67,679

• $68,280

• $63,823