space. Concepts to Accounting The surgery center's building in downtown Charleston has an attached garage, but CPSC employees and patients use only about 50 percent of the garage's Meredith is under discussions to lease the unneeded garage space for five to a local business. The lessee's cash flow needs can be accommodated by allowing the lease payments to vary as follows: years End of Year Net Cash Flow Year 1 $25,000 Year 2 $30,000 Year 3 $35,000 Year 4 $40,000 Year 5 $25,000 a. What is the present value of the proposed lease payments at Year 0 if the required rate of return is 10 percent annually? (Hint: Use Excel's "NPV" function.) 12 the ma The b. If the proposed lease payments are invested at 10 percent annually, what w the future value of the payments accumulate to at the end of Year 5?