Annual Lease Payments. Star Wars Leasing, Inc., is setting up a financial lease covering a $36,000 truck. The lease arrangement requires beginning-of-year payments and the life of the lease is 5...

Annual Lease Payments. Star Wars Leasing, Inc., is setting up a financial lease covering a $36,000 truck. The lease arrangement requires beginning-of-year payments and the life of the lease is 5 years. The company wants equal annual lease payments that will allow it to earn 12 percent on its investment.

                Based on these data, determine (a) the annual lease payment and (b) the annual lease payment if the desired rate of return is only 10 percent.