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. Beacon Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report: Minimum operating lease payments Amount (in millions)
. Beacon Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report:
Minimum operating lease payments |
| Amount (in millions) |
2018 |
| $ 89 |
2019 |
| 58 |
2020 |
| 42 |
2021 |
| 32 |
2022 |
| 25 |
Total |
| $246 |
What is the present value of these operating lease payments, assuming a 6% discount rate?
A) $246 million
B) $215 million
C) $ 70 million
D) $225 million
E) None of the above
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