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Red Sun Rising Corporation has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $ 1 ,

Red Sun Rising Corporation has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $1,850,000 for 20 years with the first payment due today. If the interest rate is 3.55 percent, what is the value of this liability today?
Multiple Choice
A. $26,174,387.89
B. $24,865,688.50
C. $27,103,578.66
D. $28,458,757.60
E. $27,781,168.13

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