ease called for Marin to make annual payments of $8,479 at the beginning of each year of the lease, starting December 31, 2019. The machine has a estimated useful life of 6 years and a $4,600 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Marin uses the straight-line method of depreciation for all of its plant assets. Marin's incremental borrowing rate is 4%, an the lessor's implicit rate is unknown. 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? This is alan finance lease, What type of lease is this? This is a/an finance lease. Attempts: 1 of 1 used b (b) Compute the present value of the lease payments. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to decimal places eg. 5,275.) Present value of the lease payments $ 39257