The E s Corporation has heavy ease commitments. Prior to SFAS No. 13 t merely footnoted lease obligations in the balance sheet, which appeared as follows: Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. In millions In millions Current assets 85 Current liabilities 10 Fixed assets 85 Long-term liabilities 70 Total liabilities 80 Stockholders' equity 90 Total liabilities and Total assets 170 stockholders' equity 170 The footnotes stated that the company had $17 mi on in annual capital lease obligations for the next 20 years a. Discount these annual lease obligations back to the present at a 6 percent discount rate. (Do not round intermediate calculations. Round your answer to the nearest million. Input your answer in millions of dollars (e.g., $6,100,000 should be input as "6").) million PW of lease obligations b. Construct a revised balance sheet that includes lease obligations. (Do not round intermediate calculations. Round your answers to the nearest million. Input your answer in millions of dollars (e.g. $6,100,000 should be input as "6").) Balance Sheet (In millions Current assets Current liabilities Long-term liabilities Fixed assets Leased property Obligations under under capital lease capital lease Total liabilities Stockholders' equity Total liabilities and Total assets Stockholders' equity c. Compute the total debt to total asset ratio for the original and revised balance sheets. (Input your answers as a percent rounded to 2 decimal places.) Origina Revised d. Compute the total debt to total equity ratio for the original and revised balance sheets. (Input your answers as a percent rounded to 2 decimal places.) Origina Revised e. In an efficient capital market environment, should the consequences of SFAS No. 13, as viewed in the answers to parts c and d, change stock prices and credit ratings? Yes