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Tyrion Corporation would like to take out an operating lease or buy a machine. The annual lease payments, given to them from the lessor, will

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Tyrion Corporation would like to take out an operating lease or buy a machine. The annual lease payments, given to them from the lessor, will be $17.300 payable at the beginning of each year for 10 years. The cost to buy the machine is $130.000 now. The salvage value is anticipated to be $8,000 at the end of 10 years. Maintenance costs of $3.250 (guaranteed and certain) will be made at the beginning of each year for 10 years (this is only applying with the buy option). The CCA rate for this machine is 20% and the tax rate is 39%. Any tax shields will be recognized at the end of the year, The borrowing rate is 5% and WACC is 13% Round to the nearest dollar. What is the present value of the Annual Lease payment? Please use a negative. For example, -500000 - 151686

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