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$0 down payment and each year's annual payment of $18,000 32% marginal tax bracket for all years; Car is 100% business use; January 1 decision

$0 down payment and each year's annual payment of $18,000

32% marginal tax bracket for all years;

Car is 100% business use;

January 1 decision date;

6% discount rate to compute the present value of future cash flows;

If Donald leases the auto:

Use the 2019 lease inclusion amounts for passenger autos in Rev Proc 2019-26;

Year 1: $140, year 2: $308, Year 3: $458

He will return the auto at the end of the lease; ignore any possible mileage limits.

what is the net present value

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