NEED HELP ON PART B$!!$ On January $1,2025,$ Sunland Company leased equipment to Carla Vista Corporation. The following information pertains to this lease.

The term of the non$-$cancelable lease is $6$ years. At the end of the lease term. Carla Vista has the option to purchase the

equipment for $$2,000,$ while the expected residual value at the end of the lease is $$6,000.$

Equal rental payments are due on January $1$ of each year, beginning in $2025.$

The fair value of the equipment on January $1,2025,$ is $$200,000,$ and its cost is $$150,000.$

The equipment has an economic life of $8$ years. Carla Vista depreciates all of its equipment on a straight$-$line basis.

Sunland set the annual rental to ensure a $4\%$ rate of return. Carla Vista's incremental borrowing rate is $5\%,$ and the implicit

rate of the lessor is unknown.

Collectibility of lease payments by the lessor is probable.

Both the lessor and the lessee's accounting periods end on December $31.$

Click here to view factor tables.

$($For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

$($B$)$ CALCULATE THE AMOUNT OF THE ANNUAL RENTAL PAYMENT!