1. Kane Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2014 annual report:

Minimum operating lease payments		Amount (in millions)
2015		$ 74
2016		48
2017		35
2018		27
2019		22
Thereafter		19
Total		$225

What is the present value of these operating lease payments, assuming a 6% discount rate?

A) $193 million

B) $179 million

C) $ 70 million

D) $225 million

E) None of the above, the present value is actually $__________________.