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QUESTION

millions 2014 $930.9 2015 $884.5 2016 $831.2 2017 $777.0 2018 $725.9 total $6,358.8 total minimum payments $10,508.

$10,508.3

calculate the amount that would have been used if the operating leases were treated like capital leases, calculate present value. You may assume that ten percent discount rate applies and the line titled "total" occur evenly at a ten year period after 2018.

SolutionYears20142015201620172018Total minimum paymentsPresent value of net minimum lease payments Operating Leases$930.90$884.50$831.20$777.00$725.90$10,508.30 Discount Factor I=10%...
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