Grouper Company is negotiating to lease a boat to Marlin Inc. The lease term will be for 9 years with payments due at the beginning of each year. The fair value of the boat at lease commencement is $70,000, and Grouper will get a $8,000 guaranteed residual value. The implicit rate of return on the lease is 6%. The present value of an annuity due of 1 for 9 years at 6% is 7.20979 The present value of a single sum at the end of 9 years at 6% is .59190 What would be the amount of the annual rental payments Grouper would charge to Marlin? $9.381 $9.216 $9,052 $10.120