Below are three independent lease scenarios. Payments are made at the end of each year. Use tables (PV of 1, PVAD of 1, and PVOA of 1) (Use the appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest whole dollar amount.) Case 1 $ 50,000 $ 70,000 Case 2 $64,000 $80,000 Case 3 $100,000 $100,000 $ 8,000 $ 20,000 $ 4,500 Cost of equipment to lessor Fair value of equipment Guaranteed residual value Unguaranteed residual value Bargain purchase option Life of lease Economic life of asset Rate of return required $ 10,000 10 years 12 years 12 % 15 years 16 years 9 % 8 years 10 years 7 % TABLE 1 Present Value of $1 (u) PV= 1 (1+r)" - = (1+r) Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 16% 17% 1 2 3 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.86957 0.86207 0.85470 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.75614 0.74316 0.73051 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75132 0.73119 0.71178 0.65752 0.64066 0.62437 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.57175 0.55229 0.53365 5 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.49718 0.47611 0.45611 4 67890 10 11 12 13 14 15 61898 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.43233 0.41044 0.38984 0.87056 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.37594 0.35383 0.33320 0.85349 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.32690 0.30503 0.28478 0.83676 0.76642 0.70259 0.64461 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.28426 0.26295 0.24340 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.24718 0.22668 0.20804 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.21494 0.19542 0.17781 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.18691 0.16846 0.15197 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.16253 0.14523 0.12989 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.14133 0.12520 0.11102 0.74301 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.12289 0.10793 0.09489 0.72845 0.62317 0.53391 0.45811 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.10686 0.09304 0.08110 17 0.71416 0.60502 0.51337 0.43630 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.09293 0.08021 0.06932 0.70016 0.58739 0.49363 0.41552 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.08081 0.06914 0.05925 0.68643 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.07027 0.05961 0.05064 20 0.67297 0.55368 0.45639 0.37689 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.06110 0.05139 0.04328 25 30 35 40 0.60953 0.47761 0.37512 0.29530 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.03038 0.02447 0.01974 0.55207 0.41199 0.30832 0.23138 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.01510 0.01165 0.00900 0.50003 0.35538 0.25342 0.18129 0.13011 0.09366 0.06763 0.04899 0.03558 0.02592 0.01894 0.00751 0.00555 0.00411 0.45289 0.30656 0.20829 0.14205 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00373 0.00264 0.00187 TABLE 3 Present Value of an Annuity Due of $1 PVAD = 1+ (1 - (1 + 1)^-1 (n) 10% 11% 12% 15% 16% 17% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.90909 1.90090 1.89286 1.86957 1.86207 1.85470 2.73554 2.71252 2.69005 2.62571 2.60523 2.58521 3.88388 3.82861 3.77509 3.72325 3.67301 3.62432 3.57710 3.53129 3.48685 3.44371 3.40183 3.28323 3.24589 3.20958 4.80773 4.71710 4.62990 4.54595 4.46511 4.38721 4.31213 4.23972 4.16987 4.10245 4.03735 3.85498 3.79818 3.74324 Periods 2% 3% 5% 1 2 3 4% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.98039 1.97087 1.96154 1.95238 1.94340 1.93458 1.92593 1.91743 2.94156 2.91347 2.88609 2.85941 2.83339 2.80802 2.78326 2.75911 6% 7% 8% 9% 4 5 6 7 8 5.71346 5.57971 5.45182 5.32948 5.21236 5.10020 4.99271 4.88965 6.60143 6.41719 6.24214 6.07569 5.91732 5.76654 5.62288 5.48592 7.47199 7.23028 7.00205 6.78637 6.58238 6.38929 6.20637 6.03295 9 8.32548 8.01969 7.73274 7.46321 7.20979 6.97130 6.74664 6.53482 9.16224 8.78611 8.43533 8.10782 7.80169 7.51523 7.24689 6.99525 10 11 4.79079 4.69590 4.60478 4.35216 4.27429 4.19935 5.35526 5.23054 5.11141 4.78448 4.68474 4.58918 5.86842 5.71220 5.56376 5.16042 5.03857 4.92238 6.33493 6.14612 5.96764 5.48732 5.34359 5.20716 6.75902 6.53705 6.32825 5.77158 5.60654 5.45057 9.98259 9.53020 9.11090 8.72173 8.36009 8.02358 7.71008 7.41766 7.14457 6.88923 6.65022 6.01877 5.83323 5.65860 12 10.78685 10.25262 9.76048 9.30641 8.88687 8.49867 8.13896 7.80519 7.49506 7.20652 6.93770 6.23371 6.02864 5.83641 13 11.57534 10.95400 10.38507 9.86325 9.38384 8.94269 8.53608 8.16073 22 14 12.34837 11.63496 10.98565 10.39357 9.85268 9.35765 8.90378 8.48690 15 13.10625 12.29607 11.56312 10.89864 10.29498 9.74547 9.24424 8.78615 17 7.81369 7.49236 7.19437 6.42062 6.19711 5.98839 8.10336 7.74987 7.42355 6.58315 6.34233 6.11828 8.36669 7.98187 7.62817 6.72448 6.46753 6.22930 16 13.84926 12.93794 12.11839 11.37966 10.71225 10.10791 9.55948 9.06069 8.60608 8.19087 7.81086 6.84737 6.57546 6.32419 14.57771 13.56110 12.65230 11.83777 11.10590 10.44665 9.85137 9.31256 8.82371 8.37916 7.97399 6.95423 6.66850 6.40529 18 15.29187 14.16612 13.16567 12.27407 11.47726 10.76322 10.12164 9.54363 9.02155 8.54879 8.11963 7.04716 6.74870 6.47461 19 15.99203 14.75351 13.65930 12.68959 11.82760 11.05909 10.37189 9.75563 9.20141 8.70162 8.24967 7.12797 6.81785 6.53385 20 16.67846 15.32380 14.13394 13.08532 12.15812 11.33560 10.60360 9.95011 9.36492 8.83929 8.36578 7.19823 6.87746 6.58449 67822 2234 25 19.91393 17.93554 16.24696 14.79864 13.55036 12.46933 11.52876 10.70661 9.98474 9.34814 8.78432 7.43377 7.07263 6.74649 30 22.84438 20.18845 17.98371 16.14107 14.59072 13.27767 12.15841 11.19828 10.36961 9.65011 9.02181 7.55088 7.16555 6.82039 25.49859 22.13184 19.41120 17.19290 15.36814 13.85401 12.58693 11.51784 10.60857 9.82932 9.15656 7.60910 7.20979 6.85409 40 27.90259 23.80822 20.58448 18.01704 15.94907 14.26493 12.87858 11.72552 10.75696 9.93567 9.23303 7.63805 7.23086 6.86946 35 TABLE 2 Present Value of an Ordinary Annuity of $1 PVOA = (1- (++) 16% 17% 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.86957 0.86207 0.85470 1.94156 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 1.60523 1.58521 2.88388 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2.40183 2.28323 2.24589 2.20958 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.23972 3.16987 3.10245 3.03735 2.85498 2.79818 2.74324 3.88965 3.79079 3.69590 3.60478 3.35216 3.27429 3.19935 (n) Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 1 2 3 4 5 6 7 8 9 10 5.60143 5.41719 5.24214 5.07569 4.91732 4.76654 4.62288 6.47199 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 7.32548 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 8.16224 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 8.98259 8.53020 8.11090 7.72173 7.36009 7.02358 6.71008 11 =2215 13 14 9.78685 9.25262 8.76048 8.30641 7.88687 7.49867 7.13896 10.57534 9.95400 9.38507 8.86325 8.38384 7.94269 7.53608 11.34837 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 12.10625 11.29607 10.56312 9.89864 9.29498 8.74547 8.24424 12.84926 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 16 13.57771 12.56110 11.65230 10.83777 10.10590 9.44665 8.85137 17 14.29187 13.16612 12.16567 11.27407 10.47726 9.76322 9.12164 18 14.99203 13.75351 12.65930 11.68959 10.82760 10.05909 9.37189 19 15.67846 14.32380 13.13394 12.08532 11.15812 10.33560 9.60360 20 16.35143 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 62892 25 4.48592 4.35526 4.23054 4.11141 3.78448 3.68474 3.58918 5.03295 4.86842 4.71220 4.56376 4.16042 4.03857 3.92238 5.53482 5.33493 5.14612 4.96764 4.48732 4.34359 4.20716 5.99525 5.75902 5.53705 5.32825 4.77158 4.60654 4.45057 6.41766 6.14457 5.88923 5.65022 5.01877 4.83323 4.65860 6.80519 6.49506 6.20652 5.93770 5.23371 5.02864 4.83641 7.16073 6.81369 6.49236 6.19437 5.42062 5.19711 4.98839 7.48690 7.10336 6.74987 6.42355 5.58315 5.34233 5.11828 7.78615 7.36669 6.98187 6.62817 5.72448 5.46753 5.22930 8.06069 7.60608 7.19087 6.81086 5.84737 5.57546 5.32419 8.31256 7.82371 7.37916 6.97399 5.95423 5.66850 5.40529 8.54363 8.02155 7.54879 7.11963 6.04716 5.74870 5.47461 8.75563 8.20141 7.70162 7.24967 6.12797 5.81785 5.53385 8.95011 8.36492 7.83929 7.36578 6.19823 5.87746 5.58449 9.12855 8.51356 7.96333 7.46944 6.25933 5.92884 5.62777 19.52346 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 6.46415 6.09709 5.76623 30 22.39646 19.60044 17.29203 15.37245 13.76483 12.40904 11.25778 10.27365 9.42691 8.69379 8.05518 6.56598 6.17720 5.82939 35 24.99862 21.48722 18.66461 16.37419 14.49825 12.94767 11.65457 10.56682 9.64416 8.85524 8.17550 6.61661 6.21534 5.85820 40 27.35548 23.11477 19.79277 17.15909 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 6.64178 6.23350 5.87133 2239