Federated vestors includes the folowing in 2016 annual report The folowing y year of future minimum payments required under the operating leases that have inital or tes in excess of one year as of December 31, 2018 Operating (in millions) Leases 2017 $130 2018 140 2019 13.9 2020 136 2021 134 2022 and thereafter total minimum lease payments 942 $162.7 D Question 7 Question no.& 20 pts a Calculate the present value of operating lease payments using a discount rate of 6% and rounding the remaining lease term to the nearest whole year b. For 2016, the company reported total assets of $1,155.107 million and total liabilities of $527.961 million. What would total assets and total abilities have been if the company had capitalized these leases. Does capitalizing make a significant difference on the company's balance sheet! Assume that the leased equipment has a useful life of 13 years and no salvage value. Estimate the effect on net operating profit and non-operating expense before tax of capitalizing these leases, assuming the rent expense in 2016 is equal to 2017 rent expense d. Explain how ROE FLEV, RNOA and NOAT would be affected if these leases are capitalized. AIEE 12pt 4 Paragraph