What residual value must the lessor recover to break even, Financial Management

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What residual value must the lessor recover to break even

Suppose the? risk-free interest rate is 6.2% APR with monthly compounding. If a $3.1 million MRI machine can be leased for 6 years for $41,500 per? month, what residual value must the lessor recover to break even in a perfect market with no? risk? (Assume that the first payment is made? immediately, so the payments occur at the beginning of each? month.)

A. The present value of the residual value is $? (Round to the nearest? dollar.)

B. The residual value must be $? (Round to the nearest? dollar.)

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Financial Management: What residual value must the lessor recover to break even

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