QUESTION 13 1. Question: In computing the present value of the minimum lease payments, the lessor should. use its incremental borrowing rate in all cases. 2. none of these 3.use either its implicit rate or the rate of the lessee, whichever is lower, assuming that the rate is known to the lessor. 4. use either its incremental borrowing rate or the rate of the lessee, whichever is higher, assuming that the rate is known to the lossor