story Bookmarks Window Help Mon 3:29 PM Chapter 16 assignments FINANCE 6 assignments instructions I help Question 3 (of 3) Save & Exi Submit 7.00 points The Deluxe Corporation has just signed a 168-month lease on an asset with a 19-year life. The minimum lease payments are $1,300 per month ($15,600 per year) and are to be discounted back to the present at a 9 percent annual discount rate. The estimated fair value of the property is $165,000. Use Appendix D for an approximate answer but cakulate your final answer using the formula and financial caloulator methods. Assume the lease is set up as an annual lease a. Calculate the lease period as a percentage to the estimated Me of the leased property. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) b. Calculate the present value of lease payments as a percentage to the fair value of the your answer as a percent rounded to 2 decimal places.) property. (Do not round intermediate calculations. Input V of lease payment percentage