1. 1. Lease or buy [LO 27.3] Assume that the tax rate is 30 per cent. You...

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1. 1.

Lease or buy [LO 27.3] Assume that the tax rate is 30 per cent. You can borrow at 8 per cent before taxes. Should you lease or buy? You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, hightech equipment). The scanner costs $4 800 000, and it would be depreciated straight-line to zero over four years. Because of radiation contamination, it actually will be completely valueless in four years. You can lease it for

$1 430 000 per year for four years.

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