Mega Corporation leases machinery on January 1, 2016. The lease is for a period of 9 years, which is the useful life of the machinery. The implicit rate of interest is 8% and the Obligation under Capital Lease is recorded at $ 33, 733. The lease requires annual payments of $ 5, 000,

with the first payment due at the inception of the lease. How much interest expense should be accrued on December 31, 2016?