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Camarena Enterprises leases a machine with a cost and fair market value of $ 7 6 0 , 0 0 0 to Belton Company. The

Camarena Enterprises leases a machine with a cost and fair market value of $760,000 to Belton Company. The lease is for 6 years and the machine has an unguaranteed residual value of $76,000. If the lessors desired rate of return is 12%, the six beginning-of-the-year lease payments would be _____.

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