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For the Following Lease,determine the Minimum Lease Payments for the Lessor

question 11

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For the following lease,determine the minimum lease payments for the lessor.  Annual lease payment at the end of the end $32,000 Lease term 5 Incremental rate 11% Implicit rate (knownto lessee)  9% Executory costs 10,000\begin{array} { | l | l | } \hline \text { Annual lease payment at the end of the end } & \$ 32,000 \\\hline \text { Lease term } & 5 \\\hline \text { Incremental rate } & 11 \% \\\hline \text { Implicit rate (knownto lessee) } & 9 \% \\\hline \text { Executory costs } & 10,000 \\\hline\end{array}

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