What is the present value of these lease payments

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Question - One of MEC's capital leases requires the Corp. to make 5 payments of $1000 on Mar 31 each yr beg. on Mar 31, 2011. What is the present value of these lease payments on Mar 31, 2010 if the discount rate is 7%?

The capital lease obligations are 28674.

Reference no: EM132044781

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