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On September 1, 2024, a company decides to lease office space in a building. The building's owner offers the company the following options, with the

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On September 1, 2024, a company decides to lease office space in a building. The building's owner offers the company the following options, with the first monthly payment beginning September 30, 2024: 1. Sign a two-year lease with monthly payments of $8,100. 2. Sign a three-year lease with monthly payments of $7,850 3. Sign a four-year lease with monthly payments of $7,600. Required: 1. For each option, calculate the present value of the lease payments using an interest rate of 6%. (Hint Use a financial calculator or Excel.) 2. Record each lease on September 1, 2024. 3. For which option is the lease payable recorded for the highest amount

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