Titanic Corporation leased executive limos under terms of a $13,000 first payment upon signing the lease and four equal annual payments of $27,000 on the anniversary date of the lease. The interest rate implicit in the lease is 7%. The first year's interest expense would be:( FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Multiple Choice $5,530. $6,402 $3,658. $3,640