Question: I realized my mistake; however, after making the correction, I am still doing something wrong. Please help! Year Cash inflows Discount factor present value 1

I realized my mistake; however, after making the correction, I am still doing something wrong. Please help!

I realized my mistake; however, after making the correction, I am stilldoing something wrong. Please help! Year Cash inflows Discount factor present value

Year Cash inflows Discount factor present value
1 116,406 1.00000 116,406
2 116,406 0.94340 109,817
3 116,406 0.89000 103,601
4 116,406 0.83962 97,737
5 116,406 0.79209 92,204
6 116,406 0.74726 86,986
At 6 years 50,000 0.70496 35,248
Total 641,999
Year Annual lease pmnts (A) Interest on liability (B=D*6%) Reduction in lease liability (C=A-B) lease liability (D)
1/20/2020 0 0 0 641,999
1/1/2020 116,406 0 116,406 525,593
1/1/2021 116,406 31,536 84,870 440,723
1/1/2022 116,406 26,443 89,963 350,760
1/1/2023 116,406 21,046 95,360 255,400
1/1/2024 116,406 15,324 101,082 154,318
1/1/2025 116,406 9,259 107,147 47,171
12/31/2026 50,000 2,830 47,170 1
748,436 106,438 641,998 2,415,965

Your answer is partially correct. Current Attempt in Progress The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Shamrock Company, a lessee. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line amortization for all leased equipment. Click here to view factor tables

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