The South Carolina DMV leases a building for 20 years. The lease requires 20 annual piyments of $12,000 each, with the first payment due immediately. The interest rate in the lease is 12. What is the present value of the cost of leasing the building? (For calculation purposes, use 5 decimal ploces as dlsplayed in the factor table provided. Round answer to 2 decimal places, es. 52.75.) Clickhere to view the factor tablel Present value