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On January 1, Keunho Industries leased equipment to a customer for a four-year period, at which time possession of the leased asset will revert back to Keunho. The equipment cost Keunho $355,000 and has an expected useful ife of six years. its normal sales price is $355,000. The residual value after four yoars is $100,000, Lease payments are due on December 31 of each year, beginning with the first payment at the end of the first year. The interest rate is 8%. What is the amount of the annual lease payments? Note: Round your answer to the nearest whole dollar amount. The present value of $1;n=4.1=8% is 0.73503 . he present value of an ordinary annuity of $1:n=4,f=8% is 3.31213 . he present value of an annuity due of $1:n=4,f=8% is 3.57710 . On January 1, Keunho Industries leased equipment to a customer for a four-year period, at which time possession of the leased asset will revert back to Keunho. The equipment cost Keunho $355,000 and has an expected useful ife of six years. its normal sales price is $355,000. The residual value after four yoars is $100,000, Lease payments are due on December 31 of each year, beginning with the first payment at the end of the first year. The interest rate is 8%. What is the amount of the annual lease payments? Note: Round your answer to the nearest whole dollar amount. The present value of $1;n=4.1=8% is 0.73503 . he present value of an ordinary annuity of $1:n=4,f=8% is 3.31213 . he present value of an annuity due of $1:n=4,f=8% is 3.57710