Assume that on December 31, 2024, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Ivanhoe Storage Compary. The follawing information pertains to this lease agreement. 1. The agreement requires equal rental payments of $66,399 beginning on December 31,2024. 2. The fair value of the building an December 31,2024 , is $485,586. 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $9,500, and an expected residual value of $7,200. Kimberly-Clark depreciates similar bulings an the straight-line methad. 4. The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor. 5. Kimberly-Clark's incremental borrowing rate is 8% per year. The lessor's implicit rate is nat known by Kimberly-Clark. Click here to view factor tables. (For caiculation purposes, use 5 decimal ploces as displayed in the foctor table provided.) (a) - Your answer is partially correct