Question 52 of 54 < > View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. 0/10 Cullumber Corporation entered into an agreement to lease out a piece of equipment to a customer. The details of the lease are as follows: Equipment cost of $123,600 Lease term of 8 years Guaranteed residual value of $10,800 Annual payments on the lease would be due at the beginning of each year. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. In order to earn a 4% return, what minimum lease payments should Cullumber charge its customer for this equipment lease? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) Minimum lease payment $ 17185.9