wants the lease obligations footnoted in the balance sheet as follows: Cricket Plus Inc. ($ millions) Current assets Capital assets $60 Current liabilities 60 Long-term liabilities Total liabilities Shareholders' equity $120 Total liabilities & equity $15 45 60 60 $120 Total assets a. The footnotes would state that the company had $20 million in annual capital lease obligations over the next 20 years. a) Discount these annual lease obligations back to the present at a 8 percent discount rate (round to the nearest million dollars). (2 marks) b. Construct a revised balance sheet that in des lease obligations (10 marks) c. Compute total debt to total assets on the original and revised balance sheets. (2 marks d. Compute total debt to equity on the original and revised balance sheets. (2 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac), B I U Paragraph Arial V 10pt