Domebo Corporation has entered into a 6 year lease for a piece of equipment. The...
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Domebo Corporation has entered into a 6 year lease for a piece of equipment. The annual payment under the lease will be $2,600, with payments being made at the beginning of each year. If the discount rate is 16%, the present value of the lease payments is closest to (Ignore income taxes.): Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factors) using the tables provided. (Round your intermediate calculations to 3 decimal places.)
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