What is the FV of this lease?

\begin{tabular}{|l|r|} \hline Guaranteed residual value & $5,000 \\ \hline Expected pay-out on residual value guarantee & $3,000 \\ \hline Option to purchase & $1,000 \\ \hline Fair value of equiment at end of lease term & $8,000 \\ \hline First annual payment due & Jan 1,2026 \\ \hline \end{tabular}