Each of the four independent situations below describes a capital lease in which annual lease payments are payable at the beginning of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 10 Lease term (years) Lessor's rate of return Fair value of leased asset 10% 11% 9% 12% S 58,000 S 358,000 S83,000 S 473,000 S 58,000 S 358,00D S53,000 S 473,000 Lessor's cost of leased asset Residual value D S 38,000 D S15,000 S23,000 Guaranteed by lessee 0 S 58,000 Determine the annual lease payments for each situation: Lease payments Situation 1 Situation 2 Situation 3 Situation 4