Kieso, Intermediate Accounting, 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NE Testbank Multiple Choice Question 74 Cullumber, Inc. manufactures machinery used in the mining industry. On January 2, 2021 it leased equipment with a cost of $370000 to Silver Point Co. The 5-year lease calls for a 20% down payment and equal annual payments at the end of each year. The equipment has an expected useful life of 5 years. If the selling price of the equipment is $670000, and the rate implicit in the lease is 8%, what are the equal annual payments? PV Annuity Due PV Ordinary Annuity PV Single Sum 4.31213 3.99271 0.68058 8%, 5 periods 4.16987 3.79079 10%, 5 periods 0.62092 $167806 4 $124301 $134245 O $141395 Click if you would like to Show Work for this question: question: Open Show Work 2 29 e 30 le 31 ple en 32 Sple on 36 tiple on 45 tiple tion 47 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER stion 53 ultiple estion 69 Multiple estion 74 80. 900