Ivanhoe Corporation entered into an agreement to lease out a piece of equipment to a customer. The details of the lease are as follows: Equipment cost of $105,800 Lease term of 8 years Guaranteed residual value of $9,000 Annual payments on the lease would be due at the beginning of each year. . Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. In order to earn a 4% return, what minimum lease payments should Ivanhoe charge its customer for this equipment lease? Assume Ivanhoe follow ASPE. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) $ Minimum Lease Payment