E9-16 (Static) Computing a Present Value Involving an Annulty and a Single Payment LO 9-7, 9-8 The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $200,000 per year for the next 10 years and an additional $1,000,000 at the end of the 10th year. The seller of the jet is charging 6 percent annual interest. (FV of $1, PV of $1, FVA of $1 and PVA of $1 ) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the liability that would be recorded by Jenkins