Question: Hershey Co. disclosed the following minimum rental commitments under non-cancelable operating leases in its 2014 annual report: Minimum operating lease payments Amount (in millions) 2015

Hershey Co. disclosed the following minimum rental commitments under non-cancelable operating leases in its 2014 annual report:

Minimum operating

lease payments

Amount

(in millions)

2015

$ 86

2016

56

2017

44

2018

36

2019

32

Thereafter

30

Total

$284

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

Question 1 options:

A)

$284 million

B)

$134 million

C)

$200 million

D)

$242 million

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