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Current Attempt in Progress On January 1, 2025, Martinez leases a building from Capital Leasing for 10 years with a monthly lease payment of
Current Attempt in Progress On January 1, 2025, Martinez leases a building from Capital Leasing for 10 years with a monthly lease payment of $15800 payable at the beginning of each month. The lease contract allows Martinez to terminate the lease after three years by paying a cancellation clause of $237000. At the start of the lease, Capital is reasonably certain that Martinez will not continue the lease past three years. Ignoring the time value of money, what is the total of Martinez's lease payments that would be used in the present value test? $2133000 $805800 $568800 $189600
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