help

On December 31, 2024. Marin Corporationsigned a 5-year, non-cancelable lease for a machine. The terms of the lease called for Marin to make annual payments of \$8.479 at the beginning of each year, starting December 31. 2024. The machine has an estimated useful life of 6 years and a $4,600 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Marin uses the straight-line method of depreciation for all of its plant assets. Marin's incremental borrowing rate is 5%, and the lessor's implicit rate is unknown. Click here to view factor tables: (a) What type of lease is this? Compute the present value of the lease payments. (For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided and round final answer to 0 decimal ploces e. . 5.275. . Present value of the lease payments eTextbook and Media List of Accounts Assistance Used Attempts; 0 of 2 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above