Sandhill Ltd$.$ entered into a lease on June $1,2023.$ The lease term is six years and requires annual rental payments of $$28,800$ at the beginning of each year. Sandhill's incremental borrowing rate is $8\%$ and the rate implicit in the lease is $9\%.$Click here to view the factor table PRESENT VALUE OF $1.$Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE.$($b$)$Calculate the capitalized amount of the leased asset if Sandhill follows ASPE.