8. Technological change and operating leases (S26.3) Look at Table 26.1. How would the initial break-even operating

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8. Technological change and operating leases (S26.3) Look at Table 26.1. How would the initial break-even operating lease rate change if rapid technological change in limo manufacturing reduces the costs of new limos by 5% per year? (Hint: We discussed technological change and equivalent annual costs in Chapter 6.)

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