Information has been gathered for two leases: LEASE A The fair value of the equipment is $768,300 at the inception of the lease. The lease term is five years, and there is a three-year renewal term at the option of the lessor. Annual lease payments are $136,000 per year for the first five years and $126,000 for the next three years. Payments are due at the beginning of each lease year. All lease payments include the cost of insurance, estimated at $10,000 per year. The lessee has a residual guarantee value of $20,000 at the end of the eighth year. The lessee does not know the lessor's implicit rate of interest in the lease. The lessee's incremental borrowing rate is 11%. LEASE B The fair value of the equipment is $593,800 at the inception of the lease. The lease term is five years. Annual lease payments are $136,000 per year. Payments are due at the beginning of each lease year. The lessee is offered a purchase option for the asset for $22,000 at the end of the lease term which is expected to be exercised. The lease payments include the cost of insurance, estimated at $13,000 per year. The lessor's implicit rate of interest in the lease is 9% is known to the lessee. The lessee's incremental borrowing rate is 11%. (PV of $1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: Calculate the present value of the right of use assets for each lease. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Present value Lease A Lease B