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1. (5 pt) Company Ginko's can either buy or lease a printer. If the company chooses to buy, the printer would cost $250 upfront with

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1. (5 pt) Company Ginko's can either buy or lease a printer. If the company chooses to buy, the printer would cost $250 upfront with varying annual maintenance costs as shown below. The printer will last 3 years. Alternatively, the company can lease the printer for an annual cost of $X. The company's cost of capital is 10%. 1 Year Buying a Printer Leasing a Printer 0 -250 2 -70 3 -80 -60 -X What is the amount of X that will make Ginko's indifferent between buy versus lease? Show detailed analysis to support your conclusion, and circle your final

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