Wilayah Leasing & Credit Berhad is arranging for a 6-year lease financing facility for a new boiler costing $5,000,000. Assume the following information:- Equipment falls under the MACRS 5-year class ? An estimated annual maintenance expense of $150,000 is paid at the end of each year and this cost is expected to increase at a rate of 5% annually from year 4 onwards. Annual insurance premium is calculated at a rate of 1.65% of the insured value. For the first year, the equipment will be insured for $5.0 million. For the subsequent years, the book value of the asset is taken as the yearly insured value. Annual insurance premium are being paid at the beginning of the year. 2. Under the proposed lease Wilayah Leasing & Credit Berhad is arranging for a 6-year lease financing facility for a new boiler costing $5,000,000. Assume the following information:- Equipment falls under the MACRS 5-year class ? An estimated annual maintenance expense of $150,000 is paid at the end of each year and this cost is expected to increase at a rate of 5% annually from year 4 onwards. Annual insurance premium is calculated at a rate of 1.65% of the insured value. For the first year, the equipment will be insured for $5.0 million. For the subsequent years, the book value of the asset is taken as the yearly insured value. Annual insurance premium are being paid at the beginning of the year. 2. Under the proposed lease