On January 2, 2025, Oriole Leasing Company leases equipment to Grouper Co. with 5 equal annual payments of $163000 each, payable beginning January 2, 2025. There is expected residual of $25000 but it is not guaranteed. Grouper's incremental borrowing rate is 9%, however, it knows that Oriole's implicit interest rate is 8%. The lease is appropriately classified as a finance/sales-type lease. What will Oriole record as the sales price of the asset? PV Annuity Due PV Ordinary Annuity PV Single Sum 8%, 5 periods 4.31213 3.99271 0.68058 9%, 5 periods 4.23972 3.88965 0.64993 $702877 $720911 $691074 $695447