Anderson Leasing Corp. leases farm equipment to its customers. Typically, the equipment has no residual value at the end of leases and the contracts call for payments at the beginning of each year. Anderson's target rate of return is 8%. On a five-year lease of equipment with a fair value of $517,456 starting January 1, 2021, Anderson will earn interest revenue over the five-year life of the lease of: Present Value of Ordinary Annuity of Present Value of Annuity Due of $1 $1 Period 3% 6% 7% 8% 3% 6% 7% 8% 5 4.57971 4.21236 4.10020 3.99271 4.71710 4.46511 4.38721 4.31213 (Hint: Figure out the amount of lease payment first using the appropriate present value factor) $130,673 $82,544 $92,273 $110,245