On March 31, 2018, the Freeman Company leased a machine. The lease agreement requires Freeman to pay 10 annual payments of $6,000 on each March 31, with the first payment due on March 31, 2018. Assuming an interest rate of 10% and that this lease is treated as an installment sale, Freeman will initially value the machine by multiplying $6,000 by which of the following factors? Multiple Choice Present value of $1 at 10% for 10 periods. Present value of an ordinary annuity of $1 at 10% for 10 periods. Present value of an annuity due of $1 at 10% for 10 periods. Future value of an annuity due of $1 at 10% for 10 periods