Exercise 21A-3 a-g Tamarisk Company leases an automobile with a fair value of $14,092 from John Simon Motors, Inc., on the following terms: 1. Non-cancelable term of 50 months. 2. Rental of $290 per month (at the beginning of each month). (The present value at 0.5% per month is $12,866.) 3. Tamarisk guarantees a residual value of $1,220 (the present value at 0.5% per month is $951). Delaney expects the probable residual value to be $1,220 at the end of the lease term. 4. Estimated economic life of the automobile is 60 months. 5. Tamarisk's incremental borrowing rate is 6% a year (0.5% a month). Simon's implicit rate is unknown. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the nature of this lease to Tamarisk? The nature of this lease is a/an finance lease