Domebo Corporation has entered into a 9 year lease for a piece of equipment. The annual payment under the lease will be $3,900, with payments being made at the beginning of each year. If the discount rate is 13%, the present value of the lease payments is closest to (Ignore income taxes.): Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.) Multiple Choice $22,616 $20,015 $25,213 $35,100