MBI has offered to sell or lease computing equipment to Cornell University that has an expected life
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MBI has offered to sell or lease computing equipment to Cornell University that has an expected life of three years. If purchased, the initial cost would be $2 million. If leased, the annual lease payments would be $800,000 per year. Cornell can borrow money at about 7 percent on its endowment and pays no taxes. Ignoring salvage value, what should Cornell do?
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An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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