4 7 points Skipped For each of the three independent situations below determine the amount of the annual lease payments. Each describes a finance lease in which annual lease payments are payable at the beginning of each year. Each lease agreement contains an option that permits the lessee to acquire the leased asset at an option price that is sufficiently lower than the expected fair value that the exercise of the option appears reasonably certain. (EV of $1. PV of S1. EVA of St. PVA of S1 EVAD of S1 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) Lease term (years) Situation 2 eBook Lessor's rate of return Fair value of leased asset 8% 5 9% 7% $ 70,000 Lessor's cost of leased asset $ 55,000 $425,000 $425,000 $ 190,000 Hint $ 150,000 Exercise price. $ 15,000 $ 55,000 $27,000 Print 5 yes S no yes References Purchase option: Exercisable at end of years Reasonably certain? Determine the annual lease payments for each situation: (Round your intermediate and final answers to the nearest whole dollar amount.) Annual lease payments Situation 11 Situation 2. Situation 3