Consider a 4 year lease for a $150,000 bottling machine, with a residual market value of $22,500 at the end of 4 years. If the risk free interest rate is 5.2% APR with monthly compounding, compute the monthly lease payment in a perfect market for the following lease:

a. Fair market value

B. a $1.00 out lease

C. a fixed price list with an $15,000 final price