Leroy Jenkin Co$.$ is thinking about the lease of cars from an auto dealer. The dealer

offered the company the deal to pay $$40,000$ per year for $10$ years. The interest

rate of the lease is $9\%.$

a$.$ If the lease begins on January $1,2019,$ and the company makes its first

payment on December $31,2019,$ compute the present value of the lease..

b$.$ If the lease begins on January $1,2019,$ and the company makes its first

payment on that date, compute the present value of the lease.