One of the departments at Yolo Industries has entered into a 7 year lease for a piece of equipment. The annual payment under the lease will be $2,800, with payments being made at the beginning of each year. If the discount rate is 10%, the present value of the lease payments is closest to (Ignore income taxes. Click here to view Exhibit 148.1 and Exhibit 148 2. to determine the appropriate discount factors) using the tables provided. (Round your intermediate calculations to 3 decimal places.) Multiple Choice $14.994 $19.600 $7,832 $17,193 EXHIBIT 14B-1 Present Value of $11(+r) 359 1 CISO LOSO 9 6 LIEOOSEOREO NIVO CRIO 1 CATO NO Periods 49 59 79 8 99 1050 115 125 0.962 0.952 135 0.943 145 0.935 139 16% 17% 0.926 0.912 0.909 0.901 18% 194 204 215 224 235 0.8930.885 2 25 24 0.925 0.907 0 200 0.8770.700M20X55110847 OKO 0833 0.873 0.857 0.842 0.826 0.812 0.797 10.783 0.769 0.756 0.7430.7310,718 0.706 08260X20 OXIDOSO DO 3 0.8890.864 0.840 0.816 0.7940.772 0.751 0.21 0.71206930.675065 0641 9626009059305790.564 0.551 0.01940606720661 0 650010 4 0.85 0.823 0.792 0.763 0.2350 0.63 0659 0.6360/613 0.59205220352 0.534 OS16049 0482 0337 0.524 5 0.822 0.784 0.747 0,713 0.681 0.650 0.621 04670451 0,432 042 0410 0.567 0.5430519049704760456 6 0.790 0.7460,705 0.666 0.630 0.526 0.437 0419 0.10203037003550328 0554 0.5350502 040 0.456 0.432 0.410000370 2 0.7600.711 0.665 0.623 0.53 0.5470313 0.4820 A520425 03520335 0.319 0.103 0.2890275 0262 040.376 0.1510.333 03140.296 0.279 0.263 0.731 0.677 8 0.6270382 0.29 0540 0.502 0.467 0235 0222 0210 04340404 0.376 0.3510.327 0.3050285 0.703 0.645 0.592 0344 0.266 0.2490.233 02180204 0.19 0.179 0.16% 0.500 0.460 04240391 0.361 0.333 016 10 0.676 0.614 0.284 0.263 0.243 0.225 0.209 0.194.1800.167 03SK OSOS 0463 0422038603520322 0.295 04155 0.14 0.134 0.270 0247 0.227 0.308 0.191 11 0.650 0.585 0.176 0.1620149 0.1370 1260.116 0107 0.527 0 42510420 0.28 0.261 0.237 0.215 0.1950 1780.162 0.14 0.135.123 0.112 0.1030.094 ODNES 12 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.21 0.20N O IN 0.168 0.152 0.1370.124 0.112 0.1020092 00760062 13 0.01 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.2014 0.160.145 0.1300.116 0.104 0.0840075 0.068 0.0610005 14 0577 0.505 04420388 0.340 0.299 0.263 0232 02050.181 0.160 0.141 0.125 0.11 0.09 DORR0078 09 0.0620055 07090044 15 0.55 0.481 0417 0.362 0.315 0.275 02390 209 0.183 0.160 0.10 0.123 0.10 0095 0840074 0.065 00520051 0.045 070400035 16 0.334 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.16 0.141 0.123 0.107 0.093 0.081007101520.05 0.047 0042 0.01360032 0.02 17 0.313 0.436 0.371 0.317 0.2700-2310.1980.170 0.146 0.125 0.108 0.03 0.060 0.0 0020.0450039 0.034 000 0026 0.02 18 0.494 0.416 0.330 0.296 0.250 0.212 0.100.153 0.100.111 0059 0.051 00140038 0.032 0.028 0.024 0.021 0018 19 0475 0.396 0331 0.277 0.232 0.1940.164 0.138 0.116 0.0 0.083 0.00 0.060 00$! 0043 0703700310.027 0023 00 0.01 0.014 20 0.4560,377 0.312 0.258 0.215 0.178 0.1490 124 0.104 0.087 0,073 0.061 0.051 0041 0037 0.01 0.026002200190016 0.014 0012 21 0.439 0.359 0294 0.24210.199 0.1640.1350 112009930077 0.064 0.01 10044 0.037 01 0.026 0.02 0.0180.015 0.013 0.0110.009 22 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.101 0.083 0.068 0056 00300320.025 0.022 0.015 0.0130011 09 OCT 0.262 23 0,406 0326 0027 0.074 0.060 0.000 0.211 0.170 0.138 0.112 0.091 0033 0022 0.000 0.018 ODIS 0.0120.0100.009 0.007 24 0247 0028 0.390 0.310 0.125 0.102 0019 0066 003 00430035 0.197 0.158 0023 0.015 0.0130010 0.0080002116 0.005 25 0.375 0.295 0233 0.184 0.146 0.116 0.092 0.074 0.006 000 0050 0.07 0038 00300024 0.0200.0160.01 0.010 0.00 0.007 0.021 0017 0053 26 00014 0042 0.361 0003 00140011 0.00 0.007 0.003 0.026 0.281 0.220 10.172 0.135 0.106 0020066 0.268 0,076 0 125 000 0.207 27 0.00 0.002 0.0090.00700060005 0047 0037 0.029 0,023 0.0180.014 0.011 0016 0010 0026 0.069 0.008 0.020 0.0154 28 0255 0.00 0.00 0.004 0042 0313 000300020002 0.150 0.116 0.090 0.196 0032 0029 0001 0.006 0.005 0.004 0.022 0.017 0.014 0.011 0.002 0.002 0.002 0.082 0.048 29 0.321 0.185 0.141 0.107 0.012 0.00 0.007 00260020 30 0.0040.003 0.03 0.002 0.002 0.001 0.057 0.008 0.0440033 0.231 0.174 0.131 0.075 OX 0.001 0.001 0000 000 0000 0000 0.000 0.000 0.0040.003 0002 0.001 40 0.046 0.2018 0.032 0.022 0.015 0.011 0.142 0.097 0.067 ONTO TO INIYO 5600 NIOD 9700 6100 FOTO ZHOTO 0006 SEXTO 1000 0900 TO ZICO 0.161 0347 ELDO SURTO EXTO SOO 0243 SIOO 0.099 1001 yo 12- Present Value of an Annuity of S1 in Arrears, 11-1(1) 56 105 561 6001 1886 SLEE . 9 REGLES LOT 19 6 S6T 6 CE SICT Periods 45 55 75 85 1 0962 115 0952 125 0.96 0.935 0.926 0917 00 00 09 08 077 0700355 047 OSO02336000.13 135 145 15 16% 124 INS 2012122523355 2 1.859 18 1.80 1.783 17591.7 1.7131 3 2.722673 168 16621606 1605131566 2.624 232 23312487 260 2002 2361 222 223 22 210 2170 2100 21052092 2010 01951 1341 1526150811414145714 4 3630 3 546 3.4653387 3312 3.200 3.170 5 3.102 3.03729742914255217952743 2690 279912589250120942448 2.406 2352 4.452 4.3294212 4.100 3993 3890 3.791 3696 3.605517 3.43333523274 1993127058 259 29262564E02.7452 5.242 50764917 4.767 4623 0486 43551421 4.11139983889378637685339 3:498 7 6.002 5.786 5552 3410 33263345 5389 5.2065033 4.8684.712145644423 13002981 425 8 6.733 6463 4.16040123.9223321222051605 3.505 6210 5.921 5.767 55355.335 5.14 $415377 24276 49684.799 14619 14457 7.435 7.108 6802 6.315 6.247 5099557993537 51281.32494647724451 0314213.29 10 8177227360 400 3372366 . 2.0246710 6.418 6145 588956504652165019 450 4659 247904924054 39333799362357 11 8.700 8.306 7.87 7.4997119 6.505 64956202 5.938 5687 5.6510948364656 4.45 43274.17740351350237163756 12 9385 8.863 8.384 7.943 7.536 7.161 68146.4926.19459185660 54215.197 498 479345611 4.439 42783122395351 35725 13 9.9869.3948.853 8.358 7.904 7487 7.103 6.750 6.424 6.122358425335342113 4910 4715 453345625283 4.6533912 3:180 14 10.563 9.899 8.745 52 7778673676.9826 628 63026-00257245468 5229 Song 41 4611 42654 105 3.962224 15 11.11810.3809712 9.108 8.539 8.061 7.606 7.19168116.463 6.142 58475.575 5.324 5.02 4876 4675 4.489 4.1534.0013259 16 11.652 10.838 10.1069447 8.SI 8313 7.834737969746.604 62655958566 5.05 5.162593547105168574121403 17 12.166 11 274 10.4771 9.763 9.122 85680222301206.72963736007370947552294920 2194053010 18 12.659 11.690 10.828 10.0599372 8.7568201 7.02 7.250 680 6.467 6.128 33365273 48124605 **194243 SONO3828 19 13.134120851115810.336 9.604 890 8.365 78397.366693863506.198 5677 558455163501043465444242600097 394? 20 8.514 7.963746970236.623 5.628 5.353 5101 13.590 12.462 11.420 10.5949.818 9.129 6.25959 4.870 4657 420 421 410395 8.649 6.312 5.973 8075175627.1026.687 56653343127 21 4675 14.029 12.82111764 10.836 10.0179292 4.476 4.292 4.1212963 22 8.772 14.451 13.163 1201211061 10.2019.442 40214.13030 8.17676457.1706706359 6011 8.2667718 6399604572354251574925 4.703 7230 6.792 49 431 413713976 23 14.857 13.489 12.303 11272 10.371 9.580 6444 6.07) 47135074318 4145 24 8958345778473635 15.247 13.799 12350 11469 10.529 9.707 5.7665475.1954964721 6097 1935 451443334.147 25 90778422731068736066 15.6.214 094 12.781165410767579823 5.7835405 306 149867284520124151358 26 18.983 14.37513003 11.826 108109.9299.161 3458 17596 27 16.330 14 643 1321101.987 10 935 10.0279.237854879437409 6935651461355.79854925215496847845344352 21590 4.157 492047394528 14.05 8602 7.984 7441 696165346 152 SSIO 5.502 5023 28 16.663 14.898 13.406 12.13711051 10.116 9.307 1994 580 5510 5229 49754.743459143074159 29 16984 15.1411339112.278 11.15 10.1989.3708650802274206963516.166 30 17.292 15372 13.765 12.409 11.258 10 274 9.4278.69480357.49670036 666.17358295517523549794.745 4530 439 4.160 3595 40 19.793 17.159 15.046 13302 11.92510.7579.77989513.244 276157,105 6.6426.230 537155285258499747501454 43171663999 IOSISSLE! COS HIS 168 21O606+6 LOLYS9695 18 LETSLISSIN'S INSE 16/99069 TLC 8119 SEE 6
