Question: Calebs Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions). Operating Leases 2021 $48,848 2022 50,490

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

	Operating
	Leases
2021	$48,848
2022	50,490
2023	50,130
2024	49,364
2025	48,174
Thereafter	585,336
Total	$832,342

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.

Select one:

a. $747,426 million

b. $620,847 million

c. $832,342 million

d. $510,013 million

e. $612,091 millio

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