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The South Carolina DMV leases a building for 20 years. The lease requires 20 annual payments of $14.000 each with the first payment due immediately.

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The South Carolina DMV leases a building for 20 years. The lease requires 20 annual payments of $14.000 each with the first payment due immediately. The interest rate in the leasels 12% What is the present value of the cost of leading the Bulldine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided Round answer to 2 decimal places, os 52.75) Click here to view the factor table Present values

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