Dan Deery is contemplating leasing UNI a fleet of 10 minivans. The cost of the vehicles will be $20,000 each. Deery is in the 34% tax bracket and the University is tax-exempt. Deer will depreciate the vehicles 5 years straight-line to zero. There will be no salvage value. The pre-tax interest rate on secured debt issued by Dan Deery is 12% per year APR. They pay their taxes on April 15 of each year. Calculate the smallest monthly lease payment that Deery can accept. Assume today is January 1, 2019 and the first payment is due on January 31, 2019.