Domebo Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under the lease will be $3,300, with payments being made at the beginning of each year. If the discount rate is 15%, the present value of the lease payments is closest to (Ignore income taxes.): Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. Multiple Choice $26,400 $19,186 $14,807 $17,028