An asset with a market value of $95,000 and a cost of $80,000 is leased on 1/1/x1. The lease is a salestype lease for the lessor. Six annual lease payments are due on January 1 beginning on 1/1/x1. The asset will have no residual value. The lessor sets a rate of return of 8%.

Present value factor of an ordinary annuity for six years at 8%	4.62288
Present value factor of an annuity due for six years at 8%	4.99271
Present value factor of a single sum for a sixyear term at 8%	.63017

What amount will the lessor charge the lessee in annual lease payments?

A. $15,833

B. $59,866

C. $19,028

D. $20,550