Question: Can you please help with After 5? Question Partially correct Mark 5.00 out of 7.00 P Flag question Analyzing and Interpreting Lease Footnote Disclosures The

Can you please help with After 5? Can you please help with After 5? Question Partially correct Mark 5.00

Question Partially correct Mark 5.00 out of 7.00 P Flag question Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule to its fiscal 2015 (ended January 30, 2016) 10-K report relating to its leasing to its leasing activities. The aggregate minimum noncancelable annual lease payments under leases in effect on January 30, 2016, are as follows: Fiscal Year ($ millions) 2016 2017 $1,285 1,248 1,096 2018 2019 971 2020 832 Thereafter 2,568 Total minimum lease commitments $8,000 $ Compute the present value of GAP's operating leases using a 6% discount rate and round the remaining lease term to the nearest whole year. Round each answer to the nearest whole number. $ million Present Value Year 1 1,212 Year 2 1,111 Year 3 920 Year 4 769 Year 5 622 After 5 1,919 X $ OX

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