Bravo Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Bravo. The machine

has a cash price of $$890,000.$ Bravo wants to be reimbursed for financing the machine at an $8\%$ annual interest rate.

Required:

Determine the required lease payment if the lease agreement calls for $10$ equal annual payments beginning immediately.

Determine the required lease payment if the first of $10$ annual payments will be made one year from the date of the agreement.

Determine the required lease payment if the first of $10$ annual payments will be made immediately and Bravo will be able to sell

the machine to another customer for $$59,000$ at the end of the $10-$year lease.

Note: For all requirements, Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,FV{A}_{?}$ of $$1,$ PVA of $$1,FVA{D}_{?}$ of $$1$ and PVAD

of $$1)$

Complete this question by entering your answers in the tabs below.

Required $3$

Determine the required lease payment if the first of $10$ annual payments will be made immediately and Bravo will be able to

sell the machine to another customer for $$59,000$ at the end of the $10-$year lease.

Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.