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I need help ASAP Question 11 (of 21) 11. 10.00 points Each of the three independent situations below describes a capital lease in which annual

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Question 11 (of 21) 11. 10.00 points Each of the three independent situations below describes a capital lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (FV of $1. PV of S1, FVA of $1. PVA of S1. EVAD of $1 and PVAD of $1) (Use appropriate factoris) from the tables provided.) Lease term (years) Lessors rate of return (known by lessee) Lessee's incremental borrowing rate Fair value of leased asset 10% 11% 640,000 $1,020,000 $225,000 11% 10% a & b. Desermine the amount of the annual lesse payments as calculated by the lessor and the amount the essee would record as a leased asset/iability, for above situations Stuation 2 Snuation 3 Check my work LiL 3 4 5 6

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