VSandhill Corporation entered into an agreement to lease out a piece of equipment to a customer. The details of the lease are as follows:

Equipment cost of $$106,100$

$,$ Lease term of $8$ years

Guaranteed residual value of $$9,900$

Annual payments on the lease would be due at the beginning of each year.

Click here to view the factor table PRESENT VALUE OF $1.$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE.

In order to earn a $4\%$ return, what minimum lease payments should Sandhill charge its customer for this equipment lease? $($Round

factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.)$