Calculate the following annual lease rentals for the Lessor

i) Equated

ii) Stepped (No increase for 2 years and then 15% every year)

iii) Ballooned (annual rental of Rs.25 lakhs from year 1-4)

iv) Deferred (Deferment period of 2 years)

The following data is given below

Investment Cost - Rs.5 Crores

Primary Lease term - 5 years

Estimated residual value after 5 years - Rs.50 lakhs

Pre-tax required rate of return - 12% p.a.