Marin enters into an agreement with Traveler Inc. to ase a car on December 31, 2016. Thefollowing information relates to this agreement The at the end of the lease term. The remaining economic life of the car is 3 years, and it is expected to have no residual value 2. The fair value of the car was $14,460 at commencement of the lease. 3. Annual payments are required to be made on December 31 at the end of each year of the lease, beginning December 31, 2017 The first payment is to be of an amount of $5,352.82, with h each payment increasing by a constant rate of 5% from Marin, incrernental borrowing rate is 8%. The rate implicit in the lease is unknown. Marin uses straight-line depreciation for all similar cars. , the second payment and final payment will be $5,901.48) the previous payment (e, the second payment wll be $5,620.45 and the third and final payment wilbe $5.90 4. purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 2 decimal places, a.g. 5,275.25.) Cash