Aurian rents trucks for his hauling service and pays $14 per hour for a truck. He rents the trucks on an asneeded basis about twice per week. His daily cost of capital is 0.04% and he rents a truck today for 2 hours, two days from now for 4 hours, and 4 days from now for 8 hours. If his tax rate is 7%, then what is the present value of his after-tax lease payments?

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?