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A firm is considering leasing some equipment for 5 years with equal annual lease payments. The equipment would cost $400,000 to buy and would be depreciated straightline over 5 years to a zero salvage value. The applicable pretax borrowing rate is 9 percent. The lessee's tax rate is 23 percent while the lessor's tax rate is 30 percent. Calculate the minimum and maximum lease payments that are acceptable to both parties. Do not round intermediate values and enter your answers rounded to the nearest cent with no commas or dollar sign (E.g. 40000.25). Minimum lease payment Maximum lease payment A firm is considering leasing some equipment for 5 years with equal annual lease payments. The equipment would cost $400,000 to buy and would be depreciated straightline over 5 years to a zero salvage value. The applicable pretax borrowing rate is 9 percent. The lessee's tax rate is 23 percent while the lessor's tax rate is 30 percent. Calculate the minimum and maximum lease payments that are acceptable to both parties. Do not round intermediate values and enter your answers rounded to the nearest cent with no commas or dollar sign (E.g. 40000.25). Minimum lease payment Maximum lease payment