Question: Calebs Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions). Operating Leases 2021 $19,539 2022 20,196

Calebs Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions).

	Operating
	Leases
2021	$19,539
2022	20,196
2023	20,052
2024	19,746
2025	19,270
Thereafter	234,134
Total	$332,937

What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0%. Note: Round the remaining lease term to the nearest whole year, using the final lease payment provided as an estimate of annual future payments.

Group of answer choices

$204,009 million

$248,339 million

$298,970 million

$332,937 million

$244,841 million

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