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Question 38 2.5 pts Grouper Company is negotiating to lease a boat to Marlin Inc. The lease term will be for 9 years with payments
Question 38 2.5 pts Grouper Company is negotiating to lease a boat to Marlin Inc. The lease term will be for 9 years with payments due at the beginning of each year. The fair value of the boat at lease commencement is $70,000, and Grouper will get a $8,000 guaranteed residual value. The implicit rate of return on the lease is 6%. The present value of an annuity due of 1 for 9 years at 6% is 7.20979 The present value of a single sum at the end of 9 years at 6% is.59190 What would be the amount of the annual rental payments Grouper would charge to Marlin? $9,216 O $9,052 $9,381 O $10,120
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