Manning Imports is contemplating an agreement to lease equipment to a customer for 6 years. Manning normally sells the asset for a cash price of $1890,000. Assume that 7% is a reasonable rate of interest. Calculate the amount of quarterly lease payments (beginning at the commencement of the lease) in order for Manning to recover its normal selling price as well as be compensated for financing the asset over the lease term (Please round answer to the nearest whole dollar).