Domebo Corporation has entered into a 9 year lease for a piece of equipment. The annual payment under the lease will be $3,600, with payments being made at the beginning of each year. If the discount rate is 10%, the present value of the lease payments is closest to (Ignore income taxes.): Click here to view Exhibit 14B-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.) Multiple Choice $32.400 $10,071 $22.105 $22,806 EXHIBIT 148-1 Present Value of $1; ((1+r)) Periods 4% 5% 6% 7% 8% 1 0.962 0.952 0.943 0.935 2 0.925 0907 3 0.889 0.864 4 0.855 5 0.822 6 0.790 7 K 0.731 9 10 11 0.703 0.645 0.592 0.676 0.614 0.558 0.508 0.650 0.585 0.527 0475 12 0.625 0.557 0.497 0.444 0.890 0.873 0.840 0.816 0.823 0.792 0.763 0.784 0.747 0.713 0.746 0.705 0.666 0.760 0.711 0.665 0.623 0.582 0.677 0.627 03544 12% 0.893 0.797 0.783 13% 0.794 13 14 15 16 17 0.513 0.436 0.371 0317 0.270 18 0494 0416 0.350 0.296 0.250 0252 0.231 0.212 19 0475 0.396 0.331 0.277 0.232 0.194 20 21 22 23 0.456 0.377 0312 0.258 0.215 0.178 0439 0.359 0.294 0.242 0.199 0.164 0422 0.342 0.278 0.226 0.184 0.150 0406 0.326 0.262 0.211 0.170 0.138 0.112 0.091 24 0.390 0.310 0.247 0.197 0.158 0.126) 0.102 0.082 0.066 0.053 0.043 0.035 25 0.375 26 0.361 0.295 0.281 0.220 0.172 27 0.347 28 29 30 40 0.233 0.184 0.146 0.135 0.268 0.207 0.161 0.125 0.255 0.196 0.150 0.116 0.333 0.321 0.243 0.185 0.141 0.107 0.308 0.231 0.174 0.131 0.099 0.046 0.208 0.142 0.097 0.067 0.116 0.092 9% 10% 11% 14% 0.909 0.901 0.885 0.877 0.870 0.926 0.917 0.857 0.842 0.826 0.812 0.769 0.756 0.706 0.694 0.683 0.772 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.593 0.579 0.564 0.551 0.451 0.735 0,708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0534 0.516 0.499 0.482 0.467 0437 0423 0410 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0437 0419 0.402 0.386 0.370 0.355 0.341 0.328 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0432 0.410 0.390 0.289 0.275 0.262 0.370 0.352 0335 0.319 0.303 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0376 0.354 0.333 0.314 0249 0.296 0.279 0.263 0.540 0.502 0.467 0434 0.404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.233 0.218 0.204 0,167 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 0.180 0.155 0.144 0.134 0463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0.208 0.191 0.149 0.176 0.162 0.137 0.126 0.116 0.107 0.103 0.094 0086 0.429 0.388 0.350 0.261 0.237 0.215 0.195 0.178 0317 0.287 0.162 0.148 0.135 0.123 0.112 0.356 0319 0.397 0.286 0.257 0.231 0.208 0.092 0.083 0.187 0.168 0.076 0.069 0.152 0.137 0.124 0.112 0.102 0.068 0.258 0.229 0.204 0.182 0.163 0.601 0.530 0.469 0415 0.368 0.145 0.130 0.326 0.290 0.116 0.104 0.093 0.084 0.075 0088 0.078 0.099 0.055 0.069 0.062 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.577 0.505 0.442 0.388 0.555 0.481 0362 0417 0.095 0.315 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.108 0.084 0.045 0.074 0.065 0.057 0.051 0.163 0.141 0.123 0.107 0.093 0.081 0.071 0.062 0534 0.458 0.394 0339 0.292 0.218 0.188 0.054 0.047 0042 0.036 0.030 0.026 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.198 0.170 0.146 0.125 0.108 0.093 0.028 0.024 0.095 0.081 0.069 0.059 0.051 0.044 0.038 0.032 0.021 0.018 0.180 0.153 0.130 0.111 0.164 0.138 0.060 0.116 0.098 0.083 0.070 0.051 0.023 0.043 0.037 0.031 0.027 0.020 0.017 0.014 0.051 0.043 0.022 0.037 0.031 0.026 0.149 0.124 0.104 0.087 0.073 0.061 0.019 0.016 0.014 0.012 0.031 0.044 0.037 0.026 0.022 0.135 0.112 0.093 0.077 0.064 0.053 0.018 0.015 0.013 0.011 0.009 0.013 0.011 0.009 0.007 0.101 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.018 0.015 0.123 0.074 0.060 0.049 0.040 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0.028 0.019 0.015 0.013 0.010 0.008 0.007 0.006 0.005 0.016 0.013 0.010 0.009 0.005 0.004 0.074 0.059 0.047 0.038 0.030 0.024 0.007 0.006 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.007 0,006 0.014 0.011 0.009 0.005 0.106 0.009 0.007 0.006 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.098 0.076 0.060 0.005 0.004 0.020 0.016 0.012 0.008 0.006 0.010 0.005 0.004 0.003 0.090 0.069 0.054 0.042 0.033 0.026 0.082 0.063 0048 0.037 0.029 0.022 0.017 0.014 0.011 0.008 0.004 0.006 0.005 0.003 0.002 0.003 0.002 0.009 0.007 0.005 0.004 0.003 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.012 0.005 0.008 0.032 0.022 0.015 0.011 0.004 0.001 0.001 0.001 0.000 0.000 0.000 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.862 0.855 0.847 0.840 0.833 | 0.826 0.743 0.731 0.718 0.820 0.672 0.813 0.806 0.800 0.661 0.650 0.640 0.609 0.537 0.524 0.512 0.235 0.222 0.210 0.191 0.179 0.168 0.061 0.049 0.055 0.044 0040 0.035 0.032 0.028 0.023 0.033 0.027 0.023 0.020 0.017 0.004 0.003 0.003 0.002 0.002 0.002 0.002 0.002 0.003 0.002 0002 0.000 0.000 0.001 EXHIBIT 14B-2 Present Value of an Annuity of $1 in Arrears; 1- 10% I 2 3 4 5 6 7 6.002 5.786 8 6.733 6463 9 7.435 7.108 10 8.111 11 2.775 2.723 2.673 2.624 2.577 3.630 3.546 3.465 3.387 3.312 4.452 4.329 4.212 4.100 3.993 5.242 5.076 4.917 4.767 4.623 5.582 5.389 5.206 5033 4.868 4.712 4.564 6.210 5.971 5.747 5.535 5.335 5.146 4.968 6.802 6.515 7.722 7.360 7.024 8.760 8.306 7.887 7.499 ((1+r))" Periods 4% 5% 6% 7% 8% 9% 11% 12% 13% 14% 15% 16% 0.962 0.952 0.943 0.935 0.926 0.917 0909 0.901 0.893 0.885 0.877 0.870 0.862 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713- 1.690 1.668 1.647 1.626 2.531 2.487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 2011 1.981 1.952 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 2404 2.448 2.362 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.926 2.864 2.803 2.745 2.689 17% 18% 19% 20% 0.855 0.847 0.840 0.833 21% 22% 23% 24% 25% 0.826 0.820 0.813 0.806 0.800 1.605 1.585 1.566 1.547 1328 1.509 1492 1474 1457 1440 12 9.385 8.863 8.384 7.943 7.536 13 9.986 9,394 8.853 8.358 7.904 14 10.563 9.899 9.295 8.745 8.244 15 11.118 10.380 9.712 9.108 8.559 16 11.652 10.838 10.106 9.447 17 12.166 11.274 10.477 9.763 18 19 20 21 22 23 24 25 26 27 28 29 4.486 4.355 4.231 4.111 3998 3.889 3.784 3685 3.589 3498 3410 3.326 3.245 4.423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.508 3416 3.327 3.242 3.161 4.799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3.726 3.619 3.518 3.421 3.329 6.247 5.995 5.759 5.537 5.328 5.132 4.946 4.772 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 6.710 6418 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4.339 4.192 4.054 3.923 3.799 3.682 3.571 7.139 6.805 6.495 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4.656 4486 4.327 4.177 4.035 3.902 7.161 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4.988 4.793 4.611 4.439 4.278 4.127 3.985 3.851 3.725 7.487 7.103 6.750 6424 6.122 5.842 5.583 5.342 5.118 4.910 4.715 4.533 4.362 4.203 4.053 3.912 3.780 7.786 7.367 6.982 6.628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 4432 4.265 4.108 3.962 3.824 8.061 7.606 7.191 6.811 6462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 4,489 4.315 4.153 4.001 3.859 8.851 8.313 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4.730 4.536 4.357 4.189 4.033 3.887 9.122 8.544 8.022 7.549 7.120 6.729 6373 6.047 5.749 5475 5.222 4.9901 4.775 4.576 4.391 4.219 4.059 3.910 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 6.840 6.467 6.128 5818 5534 5.273 5.033 4.812 4.608 4.419 4.243 4.080 3.928 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.839 7.366 6.938 6.550 6.198 5.877 5.584 5.316 5.070 4.843 4.635 4.442 4.263 4.097 3.942 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.963 7469 7025 6.623 6.259 5.929 5.628 5.353 5.101 4.870 4.657 4.460 4.279 4.110 3.954 14.029 12.821 11.764 10.836 10.017 9.292 8.649 8.075 7.562 7.102 6.687 6.312 5.973 5.665 5.384 5.127 4.891 4.675 4.476 4.292 4.121 3.963 14.451 13.163 12.042 11.061 10.201 9442 8.772 8.176 7.645 7.170 6.743 6.359 6011 5.696 5.410 5.149 4.909 4.690 4.488 4.302 4.130 3.970 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8.266 7.718 7.230 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4311 4.137 3.976 15.247 13.799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6.434 6073 5.746 5.451 5.182 4.937 4,713 4.507 4.318 4.143 3.981 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7.843 7.330 6.873 6.464 6,097 5.766 5.467 5.195 4.948 4.721 4.514 4.323 4.147 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 7.896 7.372 6.906 6.491 6.118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.988 16.330 14.643 13.211 11.987 10.935 10.027 9.237 8.548 7.943 7409 6.935 6.514 6.136 5.798 5492 5.215 4.964 4.734 4.524 4.332 4.154 3.990 16.663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7.984 7.441 6.961 6.534 6.152 5.810 5.502 5.223 4.970 4.739 4.528 4.335 4.157 3.992 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.650 8.022 7470 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4.743 4.531 4.337 4.159 3.994 3.167 3.092 3020 2.951 3.776 3.656 3.985 30 40 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7.496 7.003 6.566 6.177 5.829 5517 5.235 4.979 4.746 4.534 4.339 4.160 3.995 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7.105 6.642 6.233 5.871 5.548 5.258 4.997 4.760 4.544 4.347 4.166 3.999