Your client, Wyeth Leasing Company, is making a contract to lease machine to Souvenirs Corporation for a period of 25 years. Wyeth has an investment cost of $555,515 in machine, which has useful life of 25 years and no salvage value at the end of that time. Your client is interested in earning an 10% return upon its investment and has agreed to accept 25 equal rental payments at the end of each of next 25 years.
You're requested to provide Wyeth with the amount of each of the 25 rental payments that will yield an 10% return on investment.