On January 1, 2020, ABC Company leased equipment from ZZ Leasing, Inc. The terms of the lease require annual payments of $7,500 for ten years with the first payment due December 31, 2020. The interest rate on the lease is 3%. Assume that the lease qualifies as a capital lease. ABC Company uses the double-declining balance method to depreciate its assets. Calculate the book value of the leased asset at December 31, 2021.