For the Following Lease,determine the Minimum Lease Payments for the Lessor

question 11

Multiple Choice

For the following lease,determine the minimum lease payments for the lessor. $$\begin{array} { | l | l | } \hline \text { Annual lease payment at the end of the end } & \$ 32,000 \\\hline \text { Lease term } & 5 \\\hline \text { Incremental rate } & 11 \% \\\hline \text { Implicit rate (knownto lessee) } & 9 \% \\\hline \text { Executory costs } & 10,000 \\\hline\end{array}$$

• A)81,310
• B)85,572
• C)118,269
• D)124,469

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