You are looking for a truck for your business, Due to your business being in a rough financial situation you have to borrow from the private sector, you find a lender who require a 14 percent return on its investments. They are prepared to lease you a truck for two years, provided that it can achieve this return. The lease payments are to be made at the beginning of the year. The truck, which has a useful economic life of six years, cost Koss $60,000. Its estimated value in two years is $17,000. The CCA rate is 30 percent, and Kosss tax rate is 25 percent. Calculate the annual lease payment required.