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Blossom Company has a machine with a cost of $732000 which also is its fair value on the date the machine is leased to Park

Blossom Company has a machine with a cost of $732000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $73000. If the lessors interest rate implicit in the lease is 12%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables.

$122000.

$158965.

$150934.

$143112.

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