Manning Imports is contemplating an agreement to lease equipment to a customer for four years. Manning normally sells the asset for a cash price of $$230,000.$ Assume that $8\%$ 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?