Solve and show work using excel.

If a firm can buy a machine for $80000, takes an investment tax credit of 15%, and lease out the machine for 9 years with lease payments at the beginning of the year,how much should the minimum annual lease payments be? Assume a 5-year straight-line depreciation, zero salvage and a tax rate of 35%. Assume further that it can borrow at a before tax rate of 7%. A $10,300 B $8,300 C $9,300 D $9,600 E $8,900