Jane (lessor) and Sally (lessee) are entering into a lease agreement that does not meet any of the lease classification tests and will therefore be accounted for as an operating lease. Sally will be making 3 beginning-of-the-year payments of $88.100.40. The asset has an unguaranteed residual value of $60,000. The term of the lease is 3 years and Jane used a 6% rate to calculate the payments. Sally's incremental borrowing rate is 8% but Sally is aware of Jane's rate. What is the fair value of Jane's asset? PV annuity due, 3 periods, 6 % 1 2.83339 PV annuity due, 3 periods, 8% 2.78326 PV ordinary annuity, 3 periods, 6% 2.67301 PV ordinary annuity, 3 periods, 8% 2.57110 83962 79383 PV single sum, 3 periods, 6% PV single sum, 3 period 8% $300,000.00 $324,301.20 O $199,245.60 O $249,622.80