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Billit Corporation is considering leasing a machine to a client for five years.The machine sells for $100,000 cash. The incremental borrowing rate is 8%.The implicit

Billit Corporation is considering leasing a machine to a client for five years.The machine sells for $100,000 cash. The incremental borrowing rate is 8%.The implicit rate is unknown.Payments are quarterly and start at the commencement of the lease.Help find the quarterly lease payment?

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