Wildhse 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 $$109,300$

Lease term of $8$ years

Guaranteed residual value of $$10\mathrm{.}500$

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 Wildhorse charge its customer for this equipment lease