Can you please explain this.. thank you

1-8,778.3)/13,652.1 =35.7% 33. What is the present value of future operating lease payments on May 25, 2008? Assuming: i) operating leases payments are made at the end of each fiscal year; ii) the operating lease payment of $19.6 million after 2013 will be paid evenly in 2014 and 2015 ($9.8 million in each year); iii) the applicable discount rate is 15%? a. 220.1 million b. 243.2 million C . 247.0 million d. 219.5 million Year Payment PV 94.3 82.0 69.4 52.5 51.3 33.7 JaUAWNE 43.8 25.0 36.9 18.3 9.8 4.2 9.8 3.7 219.5 FIFO