1.09 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1 099010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 2 0.98030 0.97066 0.96117 0.95181 0.94260 093351 0.92456 0.91573 0.90703 0.89845 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.69444 3 097059 0.95632 0.94232 0.92860 091514 0.90194 0.88900 0.87630 0.86384 0.85161 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 0.80722 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 048225 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.71299 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.40188 6 0.94205 0.91454 0.88797 0.86230 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.27908 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.40388 0.23257 9 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.19381 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.16151 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.13459 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.11216 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46884 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.07789 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.06491 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 051337 0.47318 0.43630 0.40245 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.04507 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.03756 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.03130 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 0.33348 0.29157 0.25509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.47674 0.41199 0.35628 0.30832 0.26700 0.23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.00421 31 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 0.03935 0.02980 0.00351 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00068 Hei 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.96618 1 89969 2 2 197040 1.95588 1 94156 1.91347 1.88609 1.87267 1.85941 1 84632 1 83339 1 80802 1.78326 1.92742 2.85602 9.0% 10.0% 11.0% 12.0% 20.0% 0.91743 0.90909 0.90090 0.89286 0.83333 1.75911 1.73554 1.71252 1.69005 1.52778 2.53129 2.48685 2.44371 2.40183 2.10648 3.23972 3.16987 3.10245 3.03735 2.58873 3,88965 3.79079 3.69590 3.60478 2.99061 3 2.94099 2.91220 2.88388 2.80164 2.77509 2.74896 2.72325 2.69793 2.67301 2.62432 2.82861 3.71710 4 3.90197 3.85438 3.80773 3.76197 3.67308 3.62990 3.58753 3.54595 3.50515 3.46511 3.38721 2.57710 3.31213 3.99271 5 4.85343 4.78264 4.71346 4.64583 4.57971 4.51505 4.45182 4.38998 4.32948 4.27028 4.21236 4.10020 6 5.79548 5.69719 5.60143 5.50813 5.41719 5.24214 5.15787 5,07569 4.99553 4.91732 4.76654 4.62288 5.32855 6.11454 7 6.72819 6.59821 6.47199 6.34939 6.23028 6.00205 5.89270 5.78637 5.68297 5.58238 5.38929 5.20637 8 7.65168 7.48593 7.32548 7.17014 7.01969 6.87396 6.73274 6.59589 6,46321 6.33457 6.20979 5.97130 5.74664 4.48592 4.35526 4.23054 4.11141 3.32551 5.03295 4.86842 4.712204.56376 3.60459 5.53482 5.33493 5.14612 4.96764 3.83716 5.99525 5.75902 5.53705 532825 4.03097 6.41766 6.14457 5.88923 5.65022 4.19247 9 8.56602 8 36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.95220 6.80169 6.51523 6.24689 10 9.47130 9.22218 8.98259 8.75206 8.53020 8.31661 8.11090 7.91272 7.72173 7.53763 7.36009 7.02358 6.71008 7.88687 7.49867 7.13896 8.38384 7.94269 7.53608 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52892 8.30641 8.09254 12 11.25508 10.90751 10.57534 10.25776 9.95400 9.66333 9.38507 9.11858 8.86325 8.61852 13 12.13374 12.13374 11.73153 11.34837 10.98319 10.63496 10.30274 9.98565 9.68285 9.39357 9.11708 14 13.00370 12.54338 12 10625 11.69091 11.29607 10.92052 1056312 10.22283 9.89864 9.58965 15 13.86505 13.34323 12.84926 12.38138 11.93794 11.51741 11.11839 10.73955 10.37966 10.03758 8.85268 8.35765 7.90378 6.80519 6.49506 6.20652 5.93770 4.32706 7.16073 6.81369 6.49236 6.19437 4.43922 7.48690 7.10336 6.74987 6.42355 4.53268 7.78615 7.36669 698187 6.62817 4.61057 8.06069 7.60608 7.19087 6.81086 4.67547 9.29498 8.74547 824424 9.71225 9.10791 8.55948 16 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.65230 11.23402 10.83777 10.46216 10.10590 9.44665 17 15.56225 14.90765 14.29187 13.71220 13.16612 12.65132 12.65132 12.16567 11.70719 11.27407 10.86461 10.47726 9.76322 18 1639827 15.67256 14.99203 14.35336 13.75351 13.18968 12.65930 12.15999 11.68959 11.24607 10.82760 10.05909 19 17.22601 16 42617 15.67846 1497889 14.32380 13.70984 13.13394 12 59329 12.08532 11.60765 11.15812 10.33560 20 18.04555 1716864 1635143 15.58916 14.87747 14.21240 13.59033 13.00794 12.46221 1195038 11.46992 10.59401 8.85137 8.31256 7.82371 7.37916 6.97399 4.72956 9.12164 8.54363 8.02155 7.54879 7.11963 4.77463 9.37189 8.75563 8.20141 7.701627.24967 4.81219 9.60360 8.95011 8.36492 7.83929 736578 4.84350 9.81815 9.12855 8.51356 7.96333 7.469444.86958 21 18.85698 17.90014 17.01121 16.18455 15.41502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76408 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 4.89132 25 22.02316 20.71961 19.52346 18.42438 17.41315 16.48151 15.62208 14.82821 14.09394 13.41393 12.78336 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 4.94759 30 25.80771 24.01584 22.39646 20.93029 19.60044 18.39205 17.29203 16.28889 15.37245 15.37245 14.53375 13.76483 12.40904 11.25778 10.27365 9.42691 8.69379 805518 8.05518 4.97894 40 32.83469 29.91585 27.35548 25.10278 23.11477 21.35507 19.79277 18.40158 17.15909 16.04612 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 4.99660 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 1.99010 1.96618 1.96154 1.95694 1.95238 1.94787 1.94340 1.93458 1.92593 1.91743 2.75911 3 10.0% 11.0% 12.0% 20.0% 1.00000 1.00000 1.00000 1.00000 1.90909 1.90090 1.89286 1.83333 2.73554 2.71252 2.69005 2.52778 3.48685 3.44371 3.40183 3.10648 4.16987 4.10245 4.03735 3.58873 1.00000 1.00000 1.00000 1.98039 1.97561 1.97087 2.94156 2.92742 2.91347 3.88388 3.85602 3.82861 4.80773 4.71710 2.97040 2.89969 2.88609 2.87267 2.85941 2.84632 2.83339 1.98522 2.95588 3.91220 4.85438 2.80802 2.78326 4 3.94099 3.80164 3.74896 3.72325 3.69793 3.67301 3.57710 3.53129 3.77509 4.62990 3.62432 4.38721 5 4.90197 4.76197 4.67308 4.58753 4.54595 4.50515 4.46511 4.312134.23972 6 5.85343 5.78264 5.71346 5.64583 5.57971 5.51505 5.45182 5.38998 5.32948 5.27028 5.21236 4.99271 5.10020 5.76654 4.88965 5.48592 7 6.79548 6.69719 6.60143 60g) 6.41719 6.32855 6.15787 6.07569 5.99553 5.91732 5.62288 6.24214 7.00205 4.79079 4.69590 4.60478 3.99061 5.35526 5.23054 5.23054 5.11141 4.32551 5.868425.71220 5.56376 4.60459 8 7.72819 7.59821 7.47199 7.34939 7.23028 7.11454 6.89270 6.78637 6.68297 6.58238 6.38929 6.20637 6.03295 9 8.65168 8.32548 8.17014 8.01969 7.87396 7.73274 7.59589 7.33457 7,20979 6.97130 6.74664 6.53482 8.48593 9.36052 7.46321 8.10782 6.33493 6.14612 5.96764 4.83716 6.75902 6.53705 6.32825 5.03097 10 9.56602 9.16224 8.97087 8.78611 8.60769 8.43533 8.26879 7.95220 7.80169 7.51523 724689 6.99525 8.02358 7.41766 7.14457 6.88923 6.65022 5.19247 8.49867 11 10.47130 10.22218 9.98259 9.75206 9.53020 9.31661 9.11090 8.91272 8.72173 8.53763 8.36009 12 11.36763 11.07112 10.78685 10.51421 10.25262 10.00155 9.76048 9.52892 9.30641 9.09254 8.88687 13 12 25508 11.90751 11.57534 11.25776 10.95400 10.66333 10.38507 10.11858 9.86325 9.61852 9.38384 14 13.13374 12.73153 1234837 11.98318 11.63496 11.30274 10.98565 10.68285 10.39357 10.11708 9.85268 14.00370 13.54338 13.10625 12,69091 12.29607 11.92052 11.56312 11.22283 10.89864 10.58965 10.29498 7.71008 8.13896 8.53608 7.80519 7.49506 7.20652 6.93770 5.32706 7.81369 7.49236 7.19437 5.43922 8.94269 8.16073 9.35765 8.90378 8.48690 8.10336 7.74987 7.42355 5.53268 8.36669 7.98187 7.62817 5.61057 15 9.74547 9.24424 8.78615 16 9.06069 8.60608 8.19087 7.81086 5.67547 9.31256 14.86505 14.34323 13.84926 13.38138 12.93794 12.51741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10791 9.55948 17 15.71787 15.13126 15.13126 14.57771 14.05500 13.56110 13.09412 12.65230 12.2340211.83777 11.46216 11.10590 10.44665 9.85137 18 16.56225 15.90765 15.29187 14.71220 14.16612 13.65132 13.16567 12.70719 12.27407 11.86461 11.47726 10.76322 10.12164 17.39827 16.67256 15.99203 15.35336 14.75351 14.18968 13.65930 13.15999 12.68959 12.24607 11.82760 11.05909 10.37189 20 18.22601 17.42617 16.67846 15.97889 15.32380 14.70984 14.13394 13.59329 13.08532 12.60765 12.15812 11.33560 10.60360 9.54363 8.82371 8.37916 7.97399 5.72956 9.02155 8.54879 8.11963 5.77463 9.20141 8.70162 8.24967 5.81219 9.36492 8.83929 8.36578 5.84350 19 9.75563 9.95011 10.81815 10.12855 9.51356 8.96333 8.46944 5.86958 1152876 10.70661 9.98474 9.34814 8.78432 5.93710 21 19.04555 18.16864 17.35143 16.58916 15.87747 15.21240 14.59033 14.00794 13.46221 12.95038 12.46992 11.59401 25 22 24339 21.03041 19.91393 18.88499 17.93554 17.05837 16. 24696 15.49548 14.79864 14.15170 13.55036 12.46933 30 26.06579 24.37608 22.84438 21.45355 20.18845 19.03577 17.98371 17.02189 16.14107 15.33310 14.59072 13.27767 40 33.16303 30.36458 27.90259 25.73034 23.80822 22.10250 20.58448 19.22966 18.01704 16.92866 15 94907 14.26493 12.15841 11.19828 10.36961 9.65011 9.02181 5.97472 12 87858 11.72552 10.75696 9.93567 9.23303 5.99592 On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from Builders, Inc. The lease agreement calls for Georgia- Atlantic to make semiannual lease payments of $512,709 over a 5-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 12.0%, the same rate Builders used to calculate lease payment amounts. Builders manufactured the equipment at a cost of $3.5 million. (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.) Required: 1. Determine the price at which Builders is "selling" the equipment (present value of the lease payments) at June 30, 2021. 2. What amount related to the lease would Builders report in its balance sheet at December 31, 2021 (ignore taxes)? 3. What line item amounts related to the lease would Builders report in its income statement for the year ended December 31, 2021 (ignore taxes)? (For all requirements, enter your answers in whole dollars and not in millions. Round your final answer to the nearest whole dollar.) 1. Present value 2. Pretax net receivable Total pretax effect on net income 3