Rand Medical manufactures lithotripters. Lithotripsy uses shock waves Instead of surgery to ellminate kldney stones. Physlclans' Leasing purchased a lithotripter from Rand for $2,710,000 and leased it to Mld-South Urologists Group, Inc., on January 1, 2016. (FV of $1. PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use epproprlete factor(s) from the tables provided.) 191737-beginning of each Quarterly lease payments Lease term No residual value; no BPO Economic lfe of lithotripter Implicit Interest rate and lessee's Incremental perlod 5 years (20 quarters) 5 years 16 % borrowing rate Falr value of asset $2,710,000 Collectibilty of the lease payments is reasonably assured, and there are no lessor costs yet to be Incurred. Required