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Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report: Minimum operating Amount lease payments (in millions) 2018
Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report:
Minimum operating | Amount |
lease payments | (in millions) |
2018 | $71 |
2019 | 46 |
2020 | 34 |
2021 | 26 |
2022 | 20 |
Total | $197 |
What is the present value of these operating lease payments, assuming a 6% discount rate? Note: Round your final answer to the nearest whole dollar.
Group of answer choices
$56 million
$197 million
$180 million
None of these are correct
$172 million
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