(Problem 2 continued). Ifthe company pays $64,177 for the equipment, it will save $10,000 a year lease...
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(Problem 2 continued). Ifthe company pays $64,177 for the equipment, it will save $10,000 a year lease payments for I
°
years.
Comparing "Buy" versus "Lease", what internal rate ofreturn will it earn on its "investment"?
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