Cabela's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2015 annual report (in millions) .
What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0% and round the remaining lease term to the nearest whole year.
A) $233,357 million
B) $ 15,113 million
C) $255,007 million
D) $373,713 million
E) None of the above
Correct Answer:
Verified
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