In a footnote to its 2018 annual report Hewlett Packard reported the following operating lease obligations (in $ millions): Year Amount 2019 9,919 2020 7,825 2021 6,774 2022 5,210 2023 3,756 After 2023 15,024 Calculate the present value of the operating lease obligations, assuming a discount rate of 5%.

The big black bird company (bbc) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. working the normal two shifts of 4040 hours each per week, the bbc production process usually produces 2 comma 6002,600 uniforms per week at a standard cost of $125125 each. 7070 employees work the first shift and 3030 the second. the contract price is $240240 per uniform. because of the urgent need, bbc is authorized to use around-the-clock production six days per week. when each of the two shifts works 7272 hours per week, production increases to 4 comma 2004,200 uniforms per week but at a cost of $160160 each.