Japanese Airlines (JAL) wants to add one Boeing 787 to its fleet in January 2022. The current purchase price as provided by BA is $100M. JAL has the option to either purchase the aircraft or lease it. JAL is evaluating both the options, BA is also offering a monthly lease option at a lease rate factor (LRF) of 0.7%, and a tenor of 12 years. Calculate the monthly lease payments (Lease payments = LRF*Purchase Price)