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Johnson Company has just signed a capitalizable lease contract for equipment that requires rental payments of $8,000 each, to be paid at the end of

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Johnson Company has just signed a capitalizable lease contract for equipment that requires rental payments of $8,000 each, to be paid at the end of each of the next 8 years. The company's discount rate is 12%. What is the amount used to capitalize the leased equipment (i.e. the present value of the lease payments)? $3,231.04 $39,741.12 $64,000.00 $317,928.96

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