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ABC Co Reported the following Operating Lease Payment Schedule. Year 1 $100,000 Year 2 $150,000 Year 3 $200,000 There after $600,000 How much of debt

ABC Co Reported the following Operating Lease Payment Schedule.

Year 1 $100,000

Year 2 $150,000

Year 3 $200,000

There after $600,000

How much of debt is hidden by reporting as operating lease? Current prevailing market interest rate is 8%. Answer to the nearest dollar amount.

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