Taylor's tractor-trailer rigs sell for $152,000. A customer wishes to buy a nig on a leose purchase plan over seven years, with the first payment to be made at the inception of the lease. Interest is at 11% Required: a. Compute the amount of the annual lease payment and the gross amount (total payments) due under the lease. b. Compute the amount of interest income earned by Taylor's for the first year of the lease. Note: Use tables, Excel, or a financial calculator, (EV of \$1. PV of \$1, EVA of \$1, PVA of S1, EVAD of S1 and PVAD of \$1)