Titanic Corporation leased executive limos under terms of a $14,000 first payment upon signing the lease and four equal annual payments of $33,500 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,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.)