Retail Inc has both operating and capital leases Below is a portion of its lease footnote taken from its 2006 financial statements Obtain a crude estimate of the remaining length of the operating and capital leases Estimate the interest rate implicit in the capital leases Compute the present value of the operating leases

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Retail Inc. has both operating and capital leases. Below is a portion of its lease footnote taken from its 2006 financial statements. Obtain a crude

Retail Inc. has both operating and capital leases. Below is a portion of its lease footnote taken from its 2006 financial statements.

Obtain a crude estimate of the remaining length of the operating and capital leases.
Estimate the interest rate implicit in the capital leases.
Compute the present value of the operating leases.

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