Manning Imports is contemplating an agreement to lease equipment to a customer for five years. Manning normally sells the asset for

a cash price of $$290,000.$ Assume that $10\%$ is a reasonable rate of interest.

What must be 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?

Note: Use tables, Excel, or a financial calculator. Round your answers to nearest whole number and round percentage answer to $1$

decimal place. $($FV of $$1.$ PV of $$1.$ FVA of $$1.$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$