Use the information for the question$($s$)$ below.

Your firm needs to invest in a new delivery truck. The life expectancy of the truck is five years. You can purchase a new truck for an upfront cost of $$250,000,$

or you can lease a truck from the manufacturer for five years for a monthly lease payment of $$4500$ starting from today and then paid at the end of each

month. Your firm can borrow at $8\%$ APR with quarterly compounding.

The present value of the lease payments for the truck is closest to: