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Question 1 ll Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 12 annual payments of $17,000 at

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Question 1 ll Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 12 annual payments of $17,000 at the end of each year and provides the lessor (Eller) with an 12% return on its investment. You may use the following 12% interest factors: 15 Periods 12 Periods 16 Periods 5.47357 3.89598 6.13039 0.18270 0.25668 0.16312 Future Value of 1 Present Value of 1 Future Value of Ordinary Annuity f 37.27971 24.13313 42.75328 Present Value of Ordinary Annuity of 1 6.81086 6.19437 697399 Present Value of an Annuity Due of 7.62817 6.93770 7.81086 Assuming the computer has a ten-year life and will have no salvage value at the expiration of the lease, what was the original cost of the computer to Eler? (Round factor values to S decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581 Original Cost What amount would each payment be if the 12 annual payments are to be made at the beginning of each period? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, e.g. 458,581 Each payment

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