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it is a nice winter night. the risk-free interest rate is 6% APR with monthly compounding. If a $2 million porche can be leased for

it is a nice winter night. the risk-free interest rate is 6% APR with monthly compounding. If a $2 million porche can be leased for 5 years for $26,000 per month (the first lease payment occurs immediately), what residual value must the lessor recover to break even in a perfect market with no risk?

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