HOMEWULID..90/623& questionid=1&flushed=false&cid=59370582.centerwin-yes ACC307AZ3 Financial Reporting Ill Smalling Homework: Week 2 Assignment in MyAccountingLab Score: 0 of 7 pts 4 of 7 (3 complete) BE18.3 (similar to) Herrera Digital Solutions signed a three-year lease at the beginning of the current year. The leased equipment has an economic life of five years and a fair value of 1.550. Click the icon to view the terms of the lease.) (Click the icon to view the Future Value of St table.) (Clic Click the icon to view the Future Value of an Ordinary Annuity table) (Click the icon to view the Future Value of an Annuity Doelable) N l ick the icon to win the Future Value (clic B (Cucktho ran to view the Future Vator or as retch Determine if this lease is a capital or an operating lease Before completing the requirement, Identify the present value of the lease payments (Use the present value and future value tables, the formula method, a financial calculator of XXXXXX. Round your final answer to the nearest whole dollar) The present value (PV) of the payments due under the lease is S E333 More Info Under the terms of the loase. Herrera is required to pay $540 at the beginning of each year. There is no purchase option and Herrera must return the equipment at the end of the lease term. Herrera Digital knows that the lessor's implicitrate is 6%, but recenby borrowed under a three-year loan agreement at 5% Print Done