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You have signed a new lease today to rent office space for five years the first lease payment occurs today). The lease payments are fixed

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You have signed a new lease today to rent office space for five years the first lease payment occurs today). The lease payments are fixed at $3500 per month for the first two years, but rise to $5100 per month in years 3-5. What is the present value of this lease obligation if the appropriate discount rate is 10 percent? Multiple Choice $289.899.40 $207,071,00 $227778.10

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