Check my work 8 Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning The machine has a cash price of $910,000. Benning wants to be reimbursed for financing the machine at a 10% annual interest rate. (EV of $1 PV of 51. EVA of $1 PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the required lease payment if the lease agreement calls for 15 equal annual payments beginning immediately. 2. Determine the required lease payment if the first of 15 annual payments will be made one year from the date of the agreement 3. Determine the required lease payment if the first of 15 annual payments will be made immediately and Benning will be able to sell the machine to another customer for $61,000 at the end of the 15-year lease Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Determine the required lease payment if the first of 15 annual payments will be made immediately and Benning will be able to sell the machine to another customer for $61,000 at the end of the 15-year lease. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) 107.300 O