Present Value of Lease versus Buy (Appendix): Refer to the information for Mush Paper Company (exercise 16-33).
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Present Value of Lease versus Buy (Appendix): Refer to the information for Mush Paper Company (exercise 16-33). If the relevant tax rate is 45 percent and the annual lease payments are $85,000 for Years 1-6 and $185,000 in Year 7. would your decision in exercise 16-33 remain the same? Show supporting data.
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