20. Use the following information to answer the questions below. The equipment of lease has 5-year service life with no salvage value. The lease term is 5 years, requiring equal payment of $25,981.62 at the beginning of year. The annual $25,981.62 rental payment includes $2,000 insurance and property taxes per year. The lessee depreciates similar equipment on a straight- line basis. The discount rate is 10% a) Determine whether the lease is capital lease or operating lease, and why. (4 points) b) Using the appropriate factor, calculate the present value of lease payments. (3 points) FVF = 1.61051 PVF, 18 = 62092 FVF-OAs 10 = 6,10510 PVF-04, 1ex = 3.79079 PVF-ADsex = 4.16986