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Manning Imports is contemplating an agreement to lease equipment to a customer for three years. Manning normally sells the asset for a cash price of $270,000. Assume that 8% is a reasonable rate of interest. What must be the amount of quarterly lease payments (beginning at the commencement of the lease) in order for Manning to recover its normal selling price as well as be compensated for financing the asset over the lease term? Note: Use tables, Excel, or a financial calculator. Round your answers to nearest whole number and round percentage answer to 1 decimal place. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1)

Manning Imports is contemplating an agreement to lease equipment to a customer for three years. Manning normally selis the asset for a cash price of $270,000. Assume that 8% is a reasonable rate of interest. What must be the amount of quarterly lease payments (beginning at the commencement of the lease) in order for Manning to recover its normal selling price as well as be compensated for finaring the asset over the lease term? Note: Use tables, Excel, or a financial calculator. Round your answers to nearest whole number and round percentage answer to 1 decimal place. (EV of S1. PY of \$1. EVA of.\$1. PVA of S1. FVAD of \$1 and PVAD of \$1) Manning Imports is contemplating an agreement to lease equipment to a customer for three years. Manning normally sells the asset for a cash price of $270,000. Assume that 8% is a reasonable rate of interest. What must be the amount of quarterly lease payments (beginning at the commencement of the lease) in order for Manning to recover Its normal selling price as well as be compensated for financing the asset over the lease torm? Note: Use tables, Excel, or a financial calculator. Round your answers to nearest whole number and round percentage answer to 1 decimal plece, (EV of S1. PV of S1. AVA of S1. PVA of S1. AVAD of S1 and PVAD of S1)

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