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Help please!!! Domebo Corporation has entered into a 6 year lease for a piece of equipment. The annual payment under the lease will be $2,500,
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Domebo Corporation has entered into a 6 year lease for a piece of equipment. The annual payment under the lease will be $2,500, with payments being made at the beginning of each year. If the discount rate is 15%, 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 $9,460 $10,880 $13,041 $15,000Step by Step Solution
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