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Foutz Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under the lease will be $3,600, with payments

Foutz Corporation has entered into a 8 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 17%, the present value of the lease payments is closest to: (Round to nearest dollar)

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