Current Attempt in Progress

Sunland Company Inc. has an asset with a fair market value of $$448000$ that it wants to lease. Sunland Company's wants to

recover its net investment in the leased asset and earn an $8\%$ return. The asset will revert back to Sunland Company's at the

end of a $5-$year lease term and it is expected that the residual value of the asset will be $$26000$ at the end of the lease. If

Sunland Company wants to charge rent semi$-$annually starting at the beginning of the lease, what amount should the lease

payments be$?($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124.)$

Click here to view the factor table.

$$51028$

$$103173$

$$64503$

$$99076$