Question 13 1 pts On January 1, Electric Power Industries leased equipment under a capital tease that requires five separate payments of $25,000 at the end of each year. The first payment is due at the end of the year. Using a 12% discount rate, the present value of the lease liability is approximately $90,000 The amount reflected on Electric Power Industries' balance sheet on December 31 as lease liability will be closest to: $80,500 $77.750 $75,800 O 143,200