TB MC Qu$.14$A$-09($Algo$)$ Domebo Corporation has entered...

Domebo Corporation has entered into a $5$ year lease for a piece of equipment. The annual payment under the lease will be $$2,100,$ with payments being made at the beginning of each year. If the discount rate is $11\%,$ the present value of the lease payments is closest to $($ignore income taxes.$)$:

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Note: Round your intermediate calculations to $3$ decimal places.

Multiple Choice

$$ $$10,500$

$$ $$5,874$

$$ $$12,895$

$$ $$8,614$

Rrev.

$1$ of $20$

Next