Suppose the risk-free interest rate is 5.3% APR with monthly compounding. If a $3.7 million MRI machine can be leased for 44 years for $75,500 permonth, what residual value must the lessor recover to break even in a perfect market with norisk? (Assume that the first payment is madeimmediately, so the payments occur at the beginning of eachmonth.) Therefore, the future residual value in 60 months is?