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Exerclse 21-1 (Part Level Submission) On January 1, 2017, Marigold Corporation signed a 5-year noncancelable...

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Exerclse 21-1 (Part Level Submission) On January 1, 2017, Marigold Corporation signed a 5-year noncancelable lease for a machine. The terms of the lease called for Marigold to make annual payments of $3,162 at the beginning of each year, starti ng January 1, 2017, The machine has an estimated useful life of 6 plicit rate is rs and a sS 100 unguaranteed residual alue. The machine re erts back to the lessor at e end of he lease ter Mari00 d uses the straiht-line method of depreciation for all ot its plant assets. Mari po d's cremental bomo ing rate is 9% and the lessor's Click here to vie factor tables Compute the present value of the minimum lease payments, (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 declmal places eg. 58,97I The present value of the minimum lease payments

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