Each of the three independent situations below describes a capital lease in which annual lease payments are payable at the beginning of each year. the lessee is aware of the lessor’s implicit rate of return. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

situation
1 2 3
lease term (years) 12 20 4
lessor’s rate of return (known by lessee) 11% 9% 12%
lessee’s incremental borrowing rate 12% 10% 11%
fair value of leased asset $620,000 $1,000,000 $205,000

required:
a.
determine the amount of the annual lease payments as calculated by the lessor and above situations.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?