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You have to buy a new copier. The cost of the copier is $1,900, plus $415 per year in maintenance costs. The copier will last

You have to buy a new copier. The cost of the copier is $1,900, plus $415 per year in maintenance costs. The copier will last for five years. Alternatively, a local company offers to lease the copier to you and do the maintenance as well. If your discount rate is 5.6%, what is the most you would be willing to pay per year to lease the copier (your first lease payment is due in one year)

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