Jagadison Company leases computer equipment to customers under sales$-$type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a

return of $8\%$ interest on a five$-$year lease of equipment with a fair value of $$745,976.$ The present value of an annuity due of $$1$ at $8\%$ for five years is $4\mathrm{.}312.$ What is the total amount of interest revenue that Jagadison will

earn over the life of the lease?

Multiple Choice

$$119,024$

$$173,000$

$$298,390$

$$149,195$