calculate the annual lease payment

Wildhorse Corp. is a manufacturer of truck trailers. On January 1, 2021. Wildhorse Corp. leases 9 trailers to Blossom Company under a 5-year noncancelable lease agreement. The following information about the lease and the trailers is provided: 1. Equal annual payments that are due on January 1 each year provide Wildhorse Corp. with an 12% return on net investment 2. Titles to the trailers pass to Blossom at the end of the lease. 3. The fair value of each trailer is $50.600. The cost of each trailer to Wildhorse Corp. is $45,800. Each trailer has an expected useful life of nine years. 4. Collectibility of the lease payments is probable Click here to view factor tables. (a) Your answer has been saved. See score details after the due date. What type of lease is this for the lessor? Sales-type lease