Titanic Corporation leased executive imos 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 Vease is 10%. The first year's interest expense would be $1. PV 1. EVAS1. PVALS1, EVAD 51 and PVAD 50 (Use appropriate factors from the tables provided) Multiple Choice O 52