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Domebo Corporation has entered into a 9 year lease for a piece of equipment. The...

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Accounting

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Domebo Corporation has entered into a 9 year lease for a piece of equipment. The annual payment under the lease will be $3,700, with payments being made at the beginning of each year. If the discount rate is 11%, the present value of the lease payments is closest to (Ignore income taxes.): Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.) Multiple Choice $33,300 $20,487 $25,633 $22.740 You have deposited $15,228 in a special account that has a guaranteed rate of return. If you withdraw $3,000 at the end of each year for 6 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to: (Ignore income taxes.) Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.) Multiple Choice 5% 6% %

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