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What should amount should the annual rent be

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Question - Frank Corporation has an asset with a fair market value of $200,000 that it wants to lease. Frank's wants to recover its net investment in the leased asset and earn a 10% return. The asset will revert back to Frank's at the end of a 6-year lease term. If Frank's charges rent annually at the beginning of the year, what should amount should the annual rent be (rounded to whole dollars)?

a) $18,817

b) $33,333

c) $41,747

d) $53,333

Reference no: EM132514130

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