9. Marcos, Inc. enters into a lease agreement as lessor on January 1, 2018, to lease an airplane to Oriental Airlines. The term of the noncancelable lease is eight years and payments are required at the end of each year. The following information relates to this agreement a. Oriental Airlines has the option to purchase the airplane for $16,000,000 when the lease expires at which time the fair value is expected to be $27,000,000. b. The airplane has a cost of $68,000,000 to Marcos, an estimated useful life of fourteen years, and a salvage value of zero at the end of that time (due to technological obsolescence) Oriental Airlines will pay all executory costs related to the leased airplane. on its investment uncertainties surrounding the costs yet to be incurred by Lucas. c. d. Annual beginning of year lease payments of $9,563,671 allow Marcos to earn an 8% return e. Collectibility of the payments is reasonably predictable, and there are no important