Current Attempt in Progress Blossom Manufacturing Company leases a building for 5 years. The lease requires 5 annual payments of $10,000 each, with the first payment due immediately. The interest rate in the lease is 4%. What is the present value of the cost of leasing the building? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view Table 4. Present value $

Blossom Manufacturing Company leases a building for 5 years. The lease requires 5 annual payments of $10,000 each, with the first payment due immediately. The interest rate in the lease is 4%. What is the present value of the cost of leasing the building? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, es. 52.75.) Clickhere to view Table 4. Presentvalue $