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Comet Leasing acquires equipments and leases them to custome under these arrangements at a 6% annual rate. In the current year, Comet purchased a machine

Comet Leasing acquires equipments and leases them to custome under these arrangements at a 6% annual rate. In the current year, Comet purchased a machine for $478,400 and payments to be received for five years, beginning at the commen residual value. The lease does not have a bargain purchase option Calculate the amount of Ajax's annual lease payment. (Round you value factor(s) from tables provided.) Present value of $1: 4.0% 5.0% 6.0% n=5 0.82193 0.78353 0.74726 7.0% 0.71299 8.0% 9.0 0.68058 0.64 n=6 Present value of an ordinary annuity of $1: 0.39711 0.35 0.29189 0.25 0.79031 0.74622 0.66634 0.63017 0.59 n=8 0.73069 0.67684 0.62741 0.58201 0.54027 0.50 n=10 0.67556 0.61391 0.55839 0.50835 0.46319 0.42 n=12 | | 0.62460 0.55684 0.49697 0.44401 n=16 0.53391 0.45811 0.39365 0.33873 0.70496 4.0% 5.0% 6.0% 7.0% 8.0% 9.0 n=5 4.45182 4.32948 4.21236 4.10020 3.99271 3.88 n=6 5.24214 5.07569 4.91732 4.76654 4.62288 4.48 n=8 6.73274 6.46321 6.20979 5.97130 5.74664 5.53 n=10 8.11090 7.72173 n=12 9.38507 8.86325 8.38384 7.36009 7.02358 6.71008 6.41 7.94269 7.53608 7.16 n=16 11.65230 10.83777 10.10590 9.44665 8.85137 8.31 ent value of an ordinary annuity of $1: 4.0% 5.0% 6.0% 4.45182 4.32948 4.21236 7.0% 8.0% 9.09 4.10020 3.99271 3.889 2 5.24214 5.07569 4.91732 6.73274 6.46321 6.20979 8.11090 7.72173 7.36009 9.38507 8.86325 8.38384 4.76654 4.62288 | 4.485 5.97130 5.74664 5.534 7.02358 6.71008 6.4176 7.94269 7.53608 7.160 8.85137 8.3125 5 11.65230 10.83777 10.10590 9.44665 sent value of an annuity due of $1: 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 4.62990 4.54595 4.46511 4.38721 4.31213 4.2397 5.45182 5.32948 5.21236 5.10020 4.99271 4.8896 7.00205 6.78637 6.58238 3 0 8.43533 8.10782 7.80169 9.76048 9.30641 8.88687 8.49867 8.13896 7.8051 12.11839 11.37966 10.71225 10.10791 9.55948 9.0606 2 16 6.38929 6.20637 6.0329 7.51523 7.24689 6.9952

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