Original cost of the computer to stark

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Reference no: EM13122531

Jill norris is presently leasing a small business computer from stark office equipment company. the lease requires 10 annual payments of $2,500 at the end of each year and provides the lessor (stark) with an 8% return on its investment.

Assuming the computer has a ten-year life and will have no salvage value at the expiration of the lease, what was the original cost (present value) of the computer to Stark?

Reference no: EM13122531

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