W.D.Shutdown Systems (WDSS) has entered into an equipment lease agreement with the following terms and options. They must make fored payments of $5,000 for 7 years at the beginning of each year, but they have the option to terminate the lease at the end of the 3rd year or 58.500. They also have the option to buy the equipment for $23.000 at the end of the 5th year. Finally, they have the option to renew for an 8th and 9th year at $2.000 per year. After careful analysis WDSS concludes at the inception of the lease that they are reasonably certain that they will exercise the purchase option. What is the total amount of lease payments that ould be considered for the purposes of the Present Value Test? $23.500 $35.000 $48.000 550.000