polis South Texas Leasing manufactures equipment and leases it to customers under long-term sales-type les fouth Texas Leasing cars interest under these arrangements at an annual to disclosed in They will lease a machine with a Fair Value of $500,000 to Big Texas Rentals under an arrangement that species arvual payments to be received for 8 years become the Texas Rentals expects the machine will have a residual value of $15,000 at the end of the lease, and the lease terms require a guaranteed residual value of $10,000 Set the new blow is closest to the report by South Texas Leasing The present value of $1:n 8.14% is 0.73 The present value of an ordinary annuity of $1:n 8,14% is 6.73 The present value of an annuity due of $1n-8./-4% is 7.01 wedding $71,327 $70,285 None of these answers are correct $72,753 $73.210 $60.625 Question 2018