Current Attempt in Progress

Your client, Albert Brown Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period

of $25$ years. Brown has an investment cost of $$422,800$ in the machine, which has a useful life of $25$ years and no salvage value at the

end of that time. Your client is interested in earning an $12\%$ return on its investment and has agreed to accept $25$ equal rental

payments at the end of each of the next $25$ years.

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You are requested to provide Brown with the amount of each of the $25$ rental payments that will yield an $12\%$ return on investment.

$($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.458,581.)$

Amount of each rental payments $