Keith Moreland leasing company is preparing a contract to lease a machine to souvenirs Corporation for a period of 28 years. Moreland has an investment cost of $518,987 in the machine which has a useful life of 28 years and no salvage value at the end of that time. Your client is interested in earning at 12% return on its investment and has agreed to accept 28 equal rental payments at the end of each of the next 28 years. You're requested to provide Moreland with the amount of each of the 28 rental payments that will yield a 12% return on investment. What is the amount of each rental payments?