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The purchase price of a Mercedes S-class is $100,000. The car has a useful life of 10 years. GameStop Inc. decides to lease the car

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The purchase price of a Mercedes S-class is $100,000. The car has a useful life of 10 years. GameStop Inc. decides to lease the car for its CEO for 36 months. It is a fair market value lease and the car's residual market value at the end of the lease is certain to be $60000. There is no risk that GameStop will default on the lease. The risk-free interest rate is 6% APR with monthly compounding. Assume perfect capital market. a. What would be the monthly lease payment? b. Would this lease be classified as an operating lease or a capital lease? Answer the question then briefly explain (or show the calculation) c. If GameStop decides to obtain a 6-year loan to buy the car instead, what is the monthly payment for a fully amortizing loan

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