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 1 2 3 4 Lease term (years) 6 9 7 10 Lessors rate of return 10 % 11 % 9 % 12 % Fair value of leased asset $ 58,000 $ 358,000 $ 83,000 $ 473,000 Lessors cost of leased asset $ 58,000 $ 358,000 $ 53,000 $ 473,000 Residual value: Guaranteed by lessee 0 $ 58,000 0 $ 38,000 Unguaranteed 0 0 $ 15,000 $ 23,000 Determine the annual lease payments for each situation: