Finance Leases Forecast Assumptions
Net Annual Additions (% of COS)					20.0%
Interest Rate on Leases					2.0%
Lease Term (New Leases)					5.0 years
Weighted-Average Remaining Lease Term (Existing Leases)					4.5 years
10-K Disclosure Summary
					2020
ROU Asset
Beginning Balance					$1,050,000
Net Additions					$50,000
Total Depreciation Expense					$520,000
Lease Liability
Beginning Balance					$1,000,000
Ending Balance					$975,000

Given the provided forecast assumptions and 10-K summary, what is the total expected finance lease liability closing balance for fiscal 2024?

$108,333

$294,345

$362,442

$nil