Exhibit 20-3 On January 1, 2016, Quinn company enters into a six-year sales type lease with Andy Company. The lease requires Andy to make five annual payments at the beginning of the year, with the first payment due January 1, 2016. The lease includes a bargain purchase option price at end of five years of $10,000. Quinn requires a 10% rate of return. The cost to Quinn of the property is $100,000 and it has a fair value of $160,000. 18. Refer to Exhibit 20-3. What is the amount of the annual lease payment Quinn would require? A) 36,881 B) 39,570 ,C) 34,483 D) 37,931