Assume that Imprescia Industries leases machinery for 3 years with fixed rentals of $8,000 per year. The agreement also requires that Imprescia purchase consumables (such as lubrication, drive belts, and springs) directly from the lessor and must spend a minimum of $1,000 per year over the lease term. What are the lease payments to be used to classify the lease for the lessee?

The total lease payments over the lease term are.....?