Ivanhoe Company manufactures a check-in kiosk with an estimated economic life of 12 years and leases it to Shamrock Airlines for a period of 10 years. The normal selling price of the equipment is $259,031, and its unguaranteed residual value at the end of the lease term is estimated to be $19,700. Shamrock will pay annual payments of $37.200 at the beginning of each year, Ivanhoe incurred costs of $195,900 in manufacturing the equipment and $3,900 in sales commissions in closing the lease. Ivanhoe has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 10%. Shamrock Airlines has an incremental borrowing rate of 10%. Click here to view factor tables. (a) Your answer is partially correct. Discuss the nature of this lease in relation to the lessee. This is a finance lease Compute the amount of the initial lease liability. (Round present value factor calculations to 5 decimal places, e... 1.25124 and the final answer to O decimal places e.3. 58,971.) The amount of the initial lease liability