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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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