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Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $ 2 ,

Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $2,150,000 for 25 years with the first payment due today. If the interest rate is 3.67 percent, what is the value of this liability today?
Multiple Choice
$37,870,503.11
$36,968,824.46
$34,790,340.33
$36,067,145.82
$33,050,823.31

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