On $1/1/20$ Eleven Corp. is negotiating lease terms with a potential customer. The lease would involve annual payments made at the beginning of each year. The following information pertains to the proposed lease:

Lease term: $\mathrm{ \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; 5}$ years

Fair value of equipment as of $1/1/20$ $$52,000$

$$

  Unguaranteed residual value              $$7,000$  

 

Implicit interest rate on the lease $\mathrm{ \; \; 7}\%$

Based on this information, what will Eleven Corp. charge per lease payment? You may round your answer to the nearest dollar $($make your answer positive$).$