On December 31, 2019. Metlock Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Metlock to make annual payments of \$8,176 at the beginning of each year of the lease, starting December 31, 2019. The machine has an estimated useful life of 6 years and a $5,000 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Metlock uses the straight-line method of depreciation for all of its plant assets. Metlock's incremental borrowing rate is 596 and the lessor's implicit rate is unknown. Compute the present value of the lease payments. (For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided and round final answer to 0 declmal placeseg. 5,275) Present value of the lease payments eTextbookand Media