Following the time sequence described in Table 22.1, and using the information from Questions 57 through 63, what would the present value of cash flows be for leasing this $800,000 asset if the lessee's before tax cost of capital were 15%? Note that the asset is scrapped and alone in its pool at the time of disposition.
A)($24,555)
B)$3,456
C)$2,457
D)$1,743

Question

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The Answer of Following the time sequence described in Table 22.1, and using the information from Questions 57 through 63, what would the present value of cash flows be for leasing this $800,000 asset if the lessee's before tax cost of capital were 15%? Note that the asset is scrapped and alone in its pool at the time of disposition.
A)($24,555)
B)$3,456
C)$2,457
D)$1,743

Following the Time Sequence Described in Table 22