Your client, KeithConcordLeasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of27years.Concordhas an investment cost of $430,400in the machine, which has a useful life of27years and no salvage value at the end of that time. Your client is interested in earning an8% return on its investment and has agreed to accept27equal rental payments at the end of each of the next27years.

You are requested to provideConcordwith the amount of each of the27rental payments that will yield an8% return on investment.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)