BAV Energy has provided electricity and gas to thousands of households and companies. Recently, the new CEO of BAV Energy, who began in the CEO position 3 months ago, announced that the company has a plan to borrow a loan from banks. A credit analyst is examining the company's financial statements of 2018 and finds the following information for its operating leases: Year 2019 2021 2020 2022 2023 Lease 11 12.1 13.31 14.64 16.11 payments The company also reported the following information in its 2018 annual reports: $1,000 Total debt Total equity $2,000 Earnings before interest and tax (EBIT) $500 Lease payment $10 Interest expense $100 1. Assume the company has a cost of debt of 10%. Estimate the present value of the leased assets