Coney Island enters into a lease agreement for a new ride. The lease payments have a present value of $3.1 million. Prior to this agreement, the company’s total assets are $28.3 million and its total liabilities are $16.1 million. Required: 1. Calculate total stockholders’ equity prior to the lease agreement.

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as