2: Refer to the following lease amortization schedule. The ten payments are made annually starting with the inception of the lease. Title does not transfer to the lessee and there is no bargain purchase option or guaranteed residual value. The asset has an expected economic life of twelve years. The lease is non-cancelable. Required: (2 points each) (a) Calculate the effective annual interest rate for the lease. (b) What is the total effective interest amount over the term of the lease? (c) What is the outstanding balance after payment #9? (d) Calculate the annual depreciation amount using the straight line method