3 of 5 < > 0.53/2 On December 31, 2019, Tamarisk Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Tamarisk to make annual payments of $8,978 at the beginning of each year of the lease, starting December 31, 2019. The machine has an estimated useful life of 6 years and a $5,200 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Tamarisk uses the straight-line method of depreciation for all of its plant assets. Tamarisk's incremental borrowing rate is 11%, and the lessor's implicit rate is unknown. Click here to view factor tables. (a) Your answer is correct. What type of lease is this? This is a/an finance lease. tv A MacBook Pro W Ch 21 Homework Ch 21: Homework. Question 3 of 5 < > (c) 0.53/2 E * Your answer is incorrect. Compute the present value of the lease payments. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places e.g. 5,275.) Present value of the lease payments $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 1 37429 Attempts: 1 of 2 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. 17 dtv W MacBook Pro