Setting lease rentals a Manning Leasing wants to set a lease rate that provides it with a satisfactory risk-adjusted return. Manning's after-tax return on leases is 6%o, and its marginal tax rate is 30%o. The cost of the asset involved is $150 000 and it will be depreciated over its 6-year life using the straightline method. Assume lease payments are in advance Calculate the minimum annual lease payment that Manning should quoteSetting Lease Rentals ◼ Manning Leasing wants to set a lease rate that provides it with a satisfactory risk-adjusted return. Manning’s after-tax return on leases is 6%, and its marginal tax rate is 30%. The cost of the asset involved is $150 000, and it will be depreciated over its 6-year life using the straightline method. Assume lease payments are in advance. ◼ Calculate the minimum annual lease payment that Manning should quote