Problem: Miller Leasing acquires equipment and leases it to customers under long-term sales-type leases. Miller earns interest under these arrangements at a 10% annual rate. Miller purchased a machine and then leased it for $393.600 under an arrangement that specified annual payments to be received for tive years, beginning at the commencement of the lease. The lessee had the option to purchase the machine at the end of the lease term for $57,050 when it was expected to have a residual value of $114,100. what is the amount of the annual lease payments? Note: Do not round intermediate calculations. Round your answer to nearest whole dollar amount. The present value of $1: n = 5, i= 10% is 0.62092 The present value of an ordinary annuity of $1: n= 5. i= 10% is 3.79079 The present value of an annuity due of $1: n = 5. ¡= 10% is 4 16987 Multiple Choice SO 4 201 $108,073 $94.486