21. How would the lessee in Figure 25.1 evaluate the NPV of the lease? Sketch the correct...

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21. How would the lessee in Figure 25.1 evaluate the NPV of the lease? Sketch the correct valuation procedure. Then suppose that the equity lessor wants to evaluate the lease. Again sketch the correct procedure. ( Hint: APV. How would you calculate the combined value of the lease to lessee and lessor?)

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Principles Of Corporate Finance

ISBN: 9780071314176

10th Global Edition

Authors: Richard Brealey

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