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27. Falls Financial Corp. 2020 annual report discloses the following lease payments: Capital Operating leases leases Fiscal year 20216,600 $1,164,000 2022 5,400 333,600 2023 4,200
27. Falls Financial Corp. 2020 annual report discloses the following lease payments: Capital Operating leases leases Fiscal year 20216,600 $1,164,000 2022 5,400 333,600 2023 4,200 244,200 2024 47,400 20250 18,600 Net minimum lease payments 16,200 $1,807,800 Less amount representing interest 5,800 Present value of lease obligations $10,400 Compute the approximate present value of Falls Financial Corporation's operating leases using a discount rate of 11. Select one: a$1,663,499 . $1,794,500 c$1,540,225 d. $1,807,800 e . $1,627,993
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