Step 2-Calculate Minimum After-tax LPs $113 122.50=LP+LP X PVIFAo065 $11312250=LP+4212LP $11312250 LP 5.21 LP=$2170424Step 2 – Calculate Minimum After-tax LPs ( ) $21704.24 5.212 $113122.50 $113122.50 4.212 $113122.50 PVIFA0.06,5 = = = + = +  LP LP LP LP LP LP