Consider a 44?-year lease for a $450,000 bottling? machine, with a residual market value of $180,000 at the end of 44 years. If the? risk-free interest rate is 5.9% APR with monthly? compounding, compute the monthly lease payment in a perfect market for the following? leases:
a. A fair market value lease.
b. A $ 1.00 out lease.
c. A fixed price lease with an $94,000 final price.