The Harris Company is the lessee on a four-year lease with the following payments at the end of e ach year: Year 1: Year 2: Year 3: Year 4: $16,500 $21,500 $26,se0 $31,580 An appropriate discount rate is 7 percentage, yielding a present value of $79,863. a-1. If the lease is an operating lease, what will be the initial value of the right-of-use asset? Initial value of the right-of-use a a-2. If the lease is an operating lease, what will be the initial value of the lease liability? The Harris Company is the lessee on a four-year lease with the following payments at the end of e ach year: Year 1: Year 2: Year 3: Year 4: $16,500 $21,500 $26,se0 $31,580 An appropriate discount rate is 7 percentage, yielding a present value of $79,863. a-1. If the lease is an operating lease, what will be the initial value of the right-of-use asset? Initial value of the right-of-use a a-2. If the lease is an operating lease, what will be the initial value of the lease liability?