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Jennifer Co. intends to lease a machine from Jon Corp. Jennifer's incremental borrowing rate is 14%. The prime rate of interest is 8%. lan's implicit

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Jennifer Co. intends to lease a machine from Jon Corp. Jennifer's incremental borrowing rate is 14%. The prime rate of interest is 8%. lan's implicit rate in the lease is 10%, which is known to Jennifer, Jennifer computes the present value of the minimum lease payments using which rate? Select one: a. 8% b. 10% c 12% d. 14%

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