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Cash Corporation wishes to lease machinery to a lessee with the following parameters: Lease term ( years ) : - 9 Annual rate of return:

Cash Corporation wishes to lease machinery to a lessee with the following parameters:
Lease term (years): -9
Annual rate of return: -9%
Fair value of machinery: - $520,000
Expected residual value: - $60,000
The residual value will not be guaranteed by the lessee.
The first payment will be made on the first day of the lease.
What should be the amount of the annual lease payments Cruella de Vil Corporation demands of the lessee? The options are:
$75,346.28
$82,127.45
$79,573.74
$83,801.20

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