You are asked to analyze these companies and specifically analyze the impact of the leases ondifferent financial ratios. Compute the present value of...

You are asked to analyze these companies and specifically analyze the impact of the leases ondifferent financial ratios.a. Compute the present value of the lease obligations for Retail Inc. using an annual interestrate of 8%. You should assume all payments are made at the end of the year, and all paymentsafter year X6 are equal to the payment in year X6.b. Compute the present value of the lease obligations for Stores Inc. using an annual interestrate of 8%. You should assume all payments are made at the end of the year, and all paymentsafter year X6 are equal to the payment in year X6.Error! Hyperlink reference not valid.c. Compute the total liabilities to asset ratio and the long-term debt to assets ratio for RetailInc. for the end of year X1.