The Jacobs Company desires to lease a numerically controlled milling machine costing $200, 000. Jacobs has asked both First Manufacturers Bank Leasing Corporation and Commercial Associates, Inc. (a commercial finance company) to quote an annual lease rate. Both leasing companies now require a 20 percent pretax rate of return on this type of lease. Suppose First Manufacturers estimates the machine's salvage value at the end of the lease to be $30, 000 and Commercial Associates estimates salvage to be $80, 000. Based on this information, what annual (beginning-of- year) lease payments will each leasing company require if the lease term is 5 years? (Note: Because the required rate of return of both the bank and the finance company is stated on a pretax basis, you need not consider depreciation or the tax effects of salvage.)