Four independent situations are described below. For each, annual lease payments of $100,000 (not including any executory costs paid by lessor) are payable at the beginning of each year. Each is a capital lease for both the lessor and lessee. (FV of $1, PV of $1, FVA of S1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation Lease term (years) Lessor's cost $380,175 $466,396 $490,000 $400,000 Asset's useful life (years) 10% Lessor's implicit rate (known by lessee) 11% 9% 12% Lessee's incremental borrowing rate 9% 11% Residual value: Guaranteed by lessee 64,000 51,000 71,000 Guaranteed by third pa 0 (61,000 41,000 Unguaranteed 46,000 51,000 Executory costs paid annually by lessor 2,000 6,000 6,000 21,000