please help

Brian Halabi is a financial executive with Carla Vista Enterprises. Although Brian has not had any formal training in finance or accounting. he has a good sense for numbers and has helped the company grow from a very small company ($570,000 in sales) to a large operation (\$51 million in sales). With the business growing steadily, however, the company needs to make a number of difficult financial decisions in which Brian feels a little over his head. He therefore has decided to hire a new employee with numbers expertise to help him. As a basis for determining whom to employ, he has decided to ask each prospective employee to prepare answers to questions relating to situations he has encountered recently. The following are the facts for the first question asked of prospective employees: In 2022, Carla Vista Enterprises negotiated and closed a lease contract for newly constructed truck terminals and freight storage facilities. On January 1, 2023, Carla Vista took possession of the leased property. The 20-year lease is effective for the period January 1,2023 , through December 31, 2042. Advance rental payments of $910,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $456,000 are due on January 1 for each of the last 10 years of the lease term. Carla Vista has an option to purchase all the leased facilities for $1 on December 31,2042 . At the time the lease was negotiated, the fair value of the truck terminals and freight storage facilities was approximately $8.19 million. If the company had borrowed the money to purchase the facilities, it would have had to pay 12% interest. Should the company have purchased rather than leased the facilities? Calculate the present value of the payments required of Carla Vista under the lease agreement. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answers to 0 decimal places, eg. 5,275.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Follow these steps: 1. Calculate the present value of the future cash flows for the advance rental payments of $910,000 for the period from January 1,2023 , through December 31, 2032. Hint: If using factor tables, because the lease payments are due at the beginning of each year. use the present value tables for nine years and add the first payment of January 1,2023. in your calculation. 2. Calculate the present value of the future cash flows for the advance rental payments of $456,000 for the 10-year period beginning January 1, 2033. Hint: If using factor tables, as in the first step, use the present value table for 10 years for the present value at January 1,2032. 3. Take the calculation result of step 2 and arrive at the present value of that amount at January 1, 2023, by using nine years in your discount calculation. 4. Add the result of the first and third steps to arrive at the total cost of leasing