Lease conversion from operating to corporation A company has borrowing cost of about 4% in 2014 and lease balance $4,300 Capital Leases $25 10 Fiscal Year 2014 2015 2016 2017 2018 Thereafter Operating Lease $400 420 380 350 320 3,500 Year Payment Interest Discount Factor Present Value (4%) Lease Obligation Lease Balance $4,300 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.9246 Instructions: [1] calculate the additional years of conversion from operating to capital [2] calculation the payment, discount factor, PV, interest, lease obligation and lease balance