BEZY - { HLO Z, 4 ; Cardinal Company is negotiating to lease a piece of equipment to MITEA Inc. MITEA requests that the lease be for & years . The Equipment has a Useful life of 10 years . Cardinal wants a guarantee that the residual value of the equipment at the end of the lease is at least $5, OOO. MITEA agrees to quarantEE a residual value of this amount though it Expects the residual value of the Equipment to be only $ 2. 5DO at the End of the lease them . If the fair Value of the Equipment at lease commencement is { TO, GOD , what would be the amount of the annual rental payments Cardinal demands Of MITE.A. assuming Each payment will be made at the beginning of each year and Cardinal wishes to cam a rate of return on the lease of $95 ?"