QUESTION A piece of machinery with a fair value of $40,000 will be leased for four years, with annual rental payments made at the beginning of each year. Determine the amount the lessor will charge for those annual payments where the expected residual value is $12,000 and the implidt interest rate is 8% 8. 4 periods py Annuity. Due 157710 py Ordesaty Auty 3.31213 One time 0.7350 58.716 $9.414 57,828 @ $11,182