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10. (Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a warehouse. The

10.

(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a warehouse. The annual payment under the lease will be $4,781. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 6 percent, the present value of the lease payments is closest to

Question 10 options:

A)

$26,688.

B)

$22,257.

C)

$31,573.

D)

$33,467.

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