Harmeling Paint Ball (HPS) Corporation needs a new air compresser that costs $80,000. HP8 will need it for only 3 years even though the compressor's economic He is long enough so that the lease is an operating lease. The firm can lease the compressor for 3 years with $10,000 lease payments at the end of each year. HPB's cost of debt is 13%. Answer the following questions. (Hint: See Table 19-1.) 2. What is the initial lease liability that must be reported on the balance sheet? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value $ b. What is the initial right-of-use asset? Do not round Intermediate calculations, Round your answer to the nearest cent $ wand