(Ignore income taxes in this problem.) The Wisbley Company is contemplating the purchase of a helicopter for its executives to use in their business trips. This helicopter could be either purchased or leased from the manufacturer. The useful life of the helicopter is four years. Data concerning these two alternatives follow: If the helicopter is leased, it would be returned to the manufacturer in four years. Wisbley's required rate of return is 22%.
-The present value of all the cash outflows for rental payments, if the helicopter is leased, would be:

Question

(Ignore income taxes in this problem.) The Wisbley Company is contemplating the purchase of a helicopter for its executives to use in their business trips. This helicopter could be either purchased or leased from the manufacturer. The useful life of the helicopter is four years. Data concerning these two alternatives follow:  If the helicopter is leased, it would be returned to the manufacturer in four years. Wisbley's required rate of return is 22%.
-The present value of all the cash outflows for rental payments, if the helicopter is leased, would be:

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The Answer of (Ignore income taxes in this problem.) The Wisbley Company is contemplating the purchase of a helicopter for its executives to use in their business trips. This helicopter could be either purchased or leased from the manufacturer. The useful life of the helicopter is four years. Data concerning these two alternatives follow:  If the helicopter is leased, it would be returned to the manufacturer in four years. Wisbley's required rate of return is 22%.
-The present value of all the cash outflows for rental payments, if the helicopter is leased, would be:

(Ignore Income Taxes in This Problem