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Question (Ignore income taxes in this problem.) Virani Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under

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Question (Ignore income taxes in this problem.) Virani Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under the lease will be $2.000, with payments being made at the beginning of each year. If the discount rate is 10%, the present value of the lease payments is

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