On January 1, 2017, Pina Corporation signed a 3-year noncancelable lease for several computers. The terms of the lease called for Pina to make annual payments of $3,600 at the beginning of each year, starting January 1, 2017. The computers have an estimated useful life of 3 years and a $590 unguaranteed residual value. The computers revert back to the lessor at the end of the lease term. Pina uses the straight-line method of depreciation for all of its property, plant, and equipment. Pina's incremental borrowing rate is 13%, and the lessor's implicit rate is unknown. (a) Compute the present value of the minimum lease payments. (Round present value factor calculations to 5 decimal places, eg 1.25124 and the final answer to O decimal places e.g. 58,971.) Present Value