BE21.1 (LO2) Samson AG leases a building and land. The lease term TS 6 years and the annual fixed payments are 800,000. The lease ar- rangement gives Samson the right to purchase the building and land for 11,000,000 at the end of the lease. Based on an economic analysis of the lease at the commencement date, Samson is reasonably certain that the fair value of the leased assets at the end of lease term will be much higher than 11,000,000. What are the total lease payments in this lease arrangement? E21.2 JLO2,4) Fieger Company leases equipment for 8 years with an annual rental of $2,000 per year or $16,000 in total. General Leas- ing (the lessor) agrees to provide Fieger with $300 for the first 2 years of the lease to defray needed repairs to the equipment. Determine the lease payments that Fieger will pay for the first 3 years of the lease agreement