1. Your company must obtain some new production equipment for the next six years and is considering leasing. You have been directed to perform an after-tax study of the leasing approach. The pertinent information for the study is as follows: - Leasing costs: First year, $80,000; second year, $60,000; third year through sixth years, $50,000 per year. Assume that a six-year contract has been offered by the lessor that fixes these costs over the six-year period. - Other costs (not covered under contract): $4,000 in year 1 , estimated to increase 10% each year after year 1. - Effective income tax rate: 40%. Assume leasing costs and other costs are tax-deductible. a. Develop the ATCF table for the leasing alternative. b. If the MARR after taxes is 5% per year, what is the after-tax equivalent annual cost for the leasing alternative