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iPad 9:57 PM 1256 D* 1.25 points Manning Imports is contemplating an agreement to lease equipment to a customer for two years. Manning normally sells

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iPad 9:57 PM 1256 D* 1.25 points Manning Imports is contemplating an agreement to lease equipment to a customer for two years. Manning normally sells the asset for a cash price of $260,000. Assuming that 8% is a reasonable rate of interest. (EVof$1. Pyof$1. EVAof $1. PVA of$1. EADof$1 and PVADof $1) (Use appropriate factor(s) from the tables provided.) What must be the amount of quarterly lease payments (beginning at the beginning of the lease) in order for Manning to recover its normal selling price as well as be compensated for financing the asset over the lease term? (Round your answers to nearest whole number and round percentage answer to 1 decimal place.) factors based on Table or Calculator function: PV of Lease of $1 8.0% Lease Payment References Worksheet Difficulty: 2 Medium Learning Objective: 15-03 Describe and demonstrate how the lessor accounts for a sales-type lease with a selling profit

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