Big Rigs for Sale Corp. (BFS) manufactures tractor-trailer units at a cost of $86,000 per unit. On January 1, 2023, TFS offered Mitch's Trucking Inc. (MTI) the option of buying a unit for $120,000 cash or leasing it from BFS. Pertinent details are listed below. | (Click the icon to view the lease details.) Required • The lease offered was a four-year, noncancellable agreement with the first payment due at the beginning of each year starting January 1, 2023. Requir What is Requir The les Requir Begin b comput Lease details • • The estimated economic life of the tractor-trailer is 10 years. Its estimated residual value is $0. The lease does not include a renewal option. MTI has the option to purchase the unit at the expiration of the lease for $39,500. The estimated value at that time is $50,500. • MTI's incremental borrowing rate is 8%. It knows that the interest rate implicit in the lease is 7%. MTI depreciates similar equipment that it owns on a straight-line basis. • Both companies have December 31 year-end dates. - ☑ whole dollar.) ired. Use a financial calculator for all present value Janua