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Kane Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2014 annual report. What is the present value of these operating

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Kane Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2014 annual report. What is the present value of these operating lease payments, assuming a 6% discount rate? Ensure that you show the discount factors in your answer. Minimum Operating Lease Payments Present Value Factor Present Value (in Millions) 2015 2016 2017 2018 2019 Thereafter Total Amount (in Millions) $74 $48 $35 $27 $22 $19 $225

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