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(Ignore income taxes in this problem.) Noe Corporation has entered into a 8 year lease for a building it will use as a warehouse. The
(Ignore income taxes in this problem.) Noe Corporation has entered into a 8 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,520. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. What is the present value of the lease payments if the discount rate is 12%? $8,142 $12,519 $20,160 $18,000
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