The Ellis Corporation has heavy lease commitments. A new vice-president wants the lease obligations footnoted in the balance sheet as follows: Use Appendix The footnotes would state that the company had $13 million in annual capital lease obligations over the next 25 years Lease payments are payable at the end of the year. 0. Discount these annual lease obligations back to the present at a 9 percent discount rate. (Emter the onswer in millions. Round "pV Fector" to 3 decimol ploces. Round the final onswer to neorest whole million.) Annual lease obligations $ million b. Construct a revised balance sheet that includes lease obligations. as in Rable 16-6. (Enter the onswers in miltions. Round "PV Foctor" to 3 decimol ploces. Round the finol onswers to nearest whole milion.) b. Construct a revised balance sheet that includes lease obligations, as in Table 166 (Enter the onswers in millions. Round "pV Factor" to 3 decimol ploces. Round the final answers to nearest whole million.) c. Compute total debt to total assets on the original and revised balance sheets. (Round "PV Factor" to 3 decimal places, Round the final answers to 1 decimol place.) d. Compute total debt to equity on the onginal and revised balance sheets (Round "PV Foctor" to 3 decimal ploces. Round the final onswers to 1 decimal place.) c. Compute total debt to total assets on the onginal and revised balance sheets. (Round "PV Factor" to 3 decimol ploces. Found the finol answers to 1 decimol place.) d. Compute total debt to equity on the original and revised balance sheets (Round "PV Foctor" to 3 decimal places. Round the final onswers to 1 decimal ploce.) e. In an efficient capital market ervironment, should the consequences of the CicA recommendation, as viewed in the answers to parts c and d, change stock prices and credit ratings? Yes No f. This part of the question is not part of your Connect assignment