Question 4 of 35 View Policies Current Attempt in Progress -/1 1 White Airlines sold a used jet aircraft to Brown Company for $800,000, accepting a 5-year 6% note for the entire amount. Brown's incremental borrowing rate was 14%. The annual payment of principal and interest on the note was to be $189,930. The aircraft could have been sold at an established cash price of $651,460. The present value of an ordinary annuity of $1 at 8% for five periods is 3.99. The aircraft should be capitalized on Brown's books at O $651,460 O $800,000 $757,820 $949.650 Save for Later Attempts: 0 of 1 used Submit Answer