Look again at the bus lease described in Table 25.2 . a. What is the value of

Question:

Look again at the bus lease described in Table 25.2 .

a. What is the value of the lease if Greymare’s marginal tax rate is T c  .20?

b. What would the lease value be if Greymare had to use five-year straight-line depreciation for tax purposes?

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