Johnson Company has just signed a capitalizable lease contract for equipment that requires rental payments of $8,000 each, to be paid at the end of each of the next 8 years. The company's discount rate is 12%. What is the amount used to capitalize the leased equipment (i.e. the present value of the lease payments)? O $ 317,928.96 O $ 3,231.04 Os 39,741.12 O $ 64,000.00