The future minimum lease payments under Best Buy's capital and operating leases by fiscal year (not including contingent rentals) at January 30, 2016, were as follows ($ in millions): Fiscal Year Capital Operating Leases Leases 2017 14 813 2018 9 708 2019 6 572 2020 3 439 2021 2 310 Thereafter 12 521 Total minimum lease payments 46 Less amount representing interest -8 Present value of minimum lease payments 38 Less current maturities -12 Present value of minimum lease maturities, less current maturities 26 Question 1: What is the implicate rate of return from indicated from the cash flows and present values of the capital lease? (you may earn partial points by explaining the calculator process) Question 2. If the operating lease is capitalized and reported as a liability, what value should be reported with the cash now Information of operating lease and the implicit rate of rate return from Question 1? you may earn partial points by explaining the calculator process) Round the dollar value to the ones digitee (51000) Question 3: briefly discuss about how capitalize operating lease will affect B/S and I/S for the current years and for the entire lease term. The future minimum lease payments under Best Buy's capital and operating leases by fiscal year (not including contingent rentals) at January 30, 2016, were as follows ($ in millions): Fiscal Year Capital Operating Leases Leases 2017 14 813 2018 9 708 2019 6 572 2020 3 439 2021 2 310 Thereafter 12 521 Total minimum lease payments 46 Less amount representing interest -8 Present value of minimum lease payments 38 Less current maturities -12 Present value of minimum lease maturities, less current maturities 26 Question 1: What is the implicate rate of return from indicated from the cash flows and present values of the capital lease? (you may earn partial points by explaining the calculator process) Question 2. If the operating lease is capitalized and reported as a liability, what value should be reported with the cash now Information of operating lease and the implicit rate of rate return from Question 1? you may earn partial points by explaining the calculator process) Round the dollar value to the ones digitee (51000) Question 3: briefly discuss about how capitalize operating lease will affect B/S and I/S for the current years and for the entire lease term