Question 5 An d Marked out of 200P question You may use your financial calculator or present value tables for this question. For Firm As lease of equipment which has an annual payment of $100.000, what is the balance of the lease liability that would be presented on the balance sheet if there are 7 years left on the life of the lease? The contract interest rate is 5%, and firm A has already made the payment for the past year. Select one: a. 5100,000 x 5.07569 (Present Value of Annuity of 1@5% for 6 periods) = $507.569 b. 5100,000 x 410020 (Present Value of Annuity of $1 for 5 periods) = $410,020 c. $100.000 x 4,32948 (Present Value of Annuity of $1@ 5% for 5 periods) - 5432.948 o d. 100,000 X 5.78637 (Present Value of Annuity of 515 for 7 periods) = $578,637