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Titanic Corporation leased executive limos under terms of a $15,000 first payment upon signing the lease and four equal annual payments of $38,000 on the anniversary date of the lease. The Interest rate Implicit In the lease is 10%. The first year's Interest expense would be: (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice O $9.800. O $12.046. O $6,000. O $4.818