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26. Caleb's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions) Operating Leases 2021 $36,636 2022
26. Caleb's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions) Operating Leases 2021 $36,636 2022 37,868 202337,598 2024 37,023 2025 36,131 Thereafter 439,002 Total 624,258 What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0 Note: Round the remaining lease term to the nearest whole year, using the final lease payment provided as an estimate of annual future payments Select one: a \$560.570 million b . $624,258 million $382,515 million d . $465,637 million e . $459,075 million
Caleb's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions). What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0%. Note: Round the remaining lease term to the nearest whole year, using the final lease payment provided as an estimate of annual future payments. Select one: a. 5560,570 milion b. 5624.258 million c. $382,515 million d. $465.637 million e. $459,075 million Step by Step Solution
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