Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning. The machine has a cash price of $850,000. Benning wants to be reimbursed for financing the machine at an 8% annual interest rate. (FV of $1. PV of $1. FVA of S1. PVA of S1, EVAD of Si and PVAR of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the required lease payment if the lease agreement calls for 12 equal annual payments beginning immediately 2. Determine the required lease payment if the first of 12 annual payments will be made one year from the date of the agreement 3. Determine the required lease payment if the first of 12 annual payments will be made immediately and Benning will be able to sell the machine to another customer for $55,000 at the end of the 12-year lease. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the required lease payment if the first of 12 annual payments will be made immediately and Benning will be able to sell the machine to another customer for $55,000 at the end of the 12-year lease. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Lease payment