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Maxwell Company has just signed a capitalizable lease contract for equipment that requires rental payments of $6,000 each, to be paid at the end of

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Maxwell Company has just signed a capitalizable lease contract for equipment that requires rental payments of $6,000 each, to be paid at the end of each of the next 6 years. The company's discount rate is 9%, what is the amount used to capitalize the leased equipment (i.e. the present value of the lease payments)? $161,622.72 $ 36,000.00 $ 26,937.12 $3,577.62

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