Albert Financing leases airplanes to airline companies. Albert has just signed a 5-year leaseagreement that requires annual year-end lease payments of $1,400,000. What is the presentvalue of the lease using a 12% interest rate?a. $793,800b. $5,047,000c. $50,470,000d. $7,938,000

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Q: provide correct answer pleaser

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Q: None

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Q: a7

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Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.