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Question 1 From Aeropostale Inc.'s 2018 10-K filings, analysts determined that the discount rate is 6% and present value of future operating lease payments is

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Question 1 From Aeropostale Inc.'s 2018 10-K filings, analysts determined that the discount rate is 6% and present value of future operating lease payments is $752.925 million. The leased equipment has remaining useful life of 9 years, with no salvage value, and straight-line depreciation should be used. The lease expense for 2018 is $143.978 million. Tax rate is 30%. If the operating lease were capitalized, which of the following statement would be FALSE (round all numbers to the third decimal place)? Net Income would increase by $10.601 million for the year. Interest Expense would increase by $45.176 million for the year. Net operating profit before tax (NOPBT) would increase by $15.144 million for the year. Net operating assets (NOA) would increase by $752.925 million for the year

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