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Kindly calculate the answer please. And please do not use the previous answers. It was wrong.Thank you Lease payments 521 2014 2015 2016 2017 2018

Kindly calculate the answer please. And please do not use the previous answers. It was wrong.Thank you

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Lease payments 521 2014 2015 2016 2017 2018 Thereafter Total Present value Less current portion Long term portion Interest rate JAY ALI Capital leases Operating leases Capital leases Operating leases RM 67 RM 353 RM 10 RM 620 304 568 254 225 492 196 454 715 1,093 3,099 RM 1,012 RM 2,425 RM 27 RM 5,754 3,302 (16) 417 24 10.0% 9.6% Required: a. Calculate JAY's operating leases present value using the interest rate provided by ALI. b. Estimate the interest rate that JAY uses to discount its capital leases. C. Compare the rate determined in part b with the rate used by ALI. d. Use the rate determined in b to estimate the present value of JAY's operating leases. e. Compare your answer in d. with the present value calculated in a. Lease payments 521 2014 2015 2016 2017 2018 Thereafter Total Present value Less current portion Long term portion Interest rate JAY ALI Capital leases Operating leases Capital leases Operating leases RM 67 RM 353 RM 10 RM 620 304 568 254 225 492 196 454 715 1,093 3,099 RM 1,012 RM 2,425 RM 27 RM 5,754 3,302 (16) 417 24 10.0% 9.6% Required: a. Calculate JAY's operating leases present value using the interest rate provided by ALI. b. Estimate the interest rate that JAY uses to discount its capital leases. C. Compare the rate determined in part b with the rate used by ALI. d. Use the rate determined in b to estimate the present value of JAY's operating leases. e. Compare your answer in d. with the present value calculated in a

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