Domebo Corporation has entered into a 7 year lease for a piece of equipment. The annual payment under the lease will be $3,000, with payments being made at the beginning of each year. If the discount rate is 12%, the present value of the lease payments is closest to (Ignore income taxes: Click here to view Exhibit 128-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided Multiple Choice $21,000 O $8692 $13,692 $18,049 $15.333