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Falls Financial Corp. 2020 annual report discloses the following lease payments: Capital Operating Fiscal year leases leases 2021 $13,200 $2,328,000 2022 10,800 667,200 2023 8,400

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Falls Financial Corp. 2020 annual report discloses the following lease payments: Capital Operating Fiscal year leases leases 2021 $13,200 $2,328,000 2022 10,800 667,200 2023 8,400 488,400 2024 0 94,800 2025 0 37,200 Net minimum lease payments $32,400 $3,615,600 Less amount representing interest 5,800 Present value of lease obligations $26,600 What is the approximate implicit rate of return on the capital leases

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