Cybertrex, a manufacturing facility, leased new equipment on January 1 and agreed to pay an annual lease
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Question:
Cybertrex, a manufacturing facility, leased new equipment on January 1 and agreed to pay an annual lease fee of $18,000 at the end of the next 10 years. The company's weighted average cost of capital is 8%. The 10-year 8% present value of $1 is 0.46319. The present value of a 10-year 8% annual dollar of $1 is 6.71008.
What is the present value of lease payments over 10 years?
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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