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5.44 pts Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the

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5.44 pts Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. 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 5%, the present value of the lease payments is closest to (Ignore income taxes.): Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. O $11,050 O $12,528 $14,808 a IL

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