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Question 4 3 pts On December 31, 2019, Alice Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for
Question 4 3 pts On December 31, 2019, Alice Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Alice to make annual payments of $8,668, starting December 31, 2019. The machine has an estimated useful life of 8 years. Ignore residual values for simplicity. Alice uses the straight-line method of depreciation for all of its plant assets. Alice's incremental borrowing rate is 5%, and the lessor's implicit rate is unknown. Collectibility of the lease payment is probable. Which of the following Excel function correctly calculates the present value of lease payments? OPV(0.05,5, 0, -8668) OPV(0.05,8,0,-8668) O PV(0.05,5, -8668,0,0) O PV(0.05, 5, -8668, 0, 1)
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