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Cainas Cookies decides to lease a new kitchen space. She signs a 30 month lease for $400 per month. Assuming her cost of capital is
Cainas Cookies decides to lease a new kitchen space. She signs a 30 month lease for $400 per month. Assuming her cost of capital is 12%, what amount should she record on her books as a lease liability today? Please set up the problem (show your work here), look up the factor and then solve, showing your final answer below. HTML Editor x, B IV AA- IE 3 x NO V DITT 12pt Paragraph o words MacBook Pro ** G Search or type URL * g & 8 A C 7 6 $ % 5 4 # 3 Y @ T 2 R E . 2
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