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Please answer question below Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report: Minimum operating Amount lease
Please answer question below
Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report: Minimum operating Amount lease payments (in millions) 2018 $178 2019 116 2020 84 2021 64 2022 50 Total $492 What is the present value of these operating lease payments, assuming a 6% discount rate? Note: Round your final answer to the nearest whole dollar. Select one: O a. $140 million O b. None of these are correct O c. $492 million O d. $450 million O e. $430 millionStep by Step Solution
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