enny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $17,000 per month for the next 7 years with the first payment due today. If the APR is 7.56 percent compounded monthly, what is the value of the payments today?

$1,078,271.68

$1,159,789.02

$1,106,201.53

$1,011,973.27

$1,113,170.60