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Exercise 15-28 (Algo) Calculation of annual lease payments; purchase option [LO15-2, 15-6] Three independent situations are given. Each describes a finance lease in which annual

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Exercise 15-28 (Algo) Calculation of annual lease payments; purchase option [LO15-2, 15-6] Three independent situations are given. Each describes a finance lease in which annual lease payments are payable at the beginning of each year. Each lease agreement contains an option that permits the lessee to acquire the leased asset at an option price that is surficlently lower than the expected fair value that the exercise of the option appears reasonably certain. Note: Use tables, Excel, or a financlal calculator. (EV of \$1, PV of \$1, EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of \$1) Determine the annual lease payments for each situation: Note: Round your Intermediate and final onswers to the nearest whole dollar amount

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