SuperFood needs a lorry to improve their food delivery service to supermarkets and retailers. They have contacted a lorry manufacturer who quotes a purchase price of 250,000. The manufacturer can lease or sell the lorry. iii) As an alternative, SuperFood is offered a five year fixed price lease that allows the lessee to buy the lorry at the end of the lease for 40000. Assume that capital markets are perfect and the risk-free interest rate is 1% APR (with monthly compounding). Calculate the monthly lease payments for a 5 year lease of the lorry