2. You need a new piece of equipment for your manufacturing process. You can buy the equipment for $16,000. It has an estimated useful life of 4 years with a salvage value of $0. You also expect the market value to be $0 after 4 years. You can lease the same piece of equipment for $6,400 per year. Your corporate tax rate is 10% and your WACC is 15%. Fill out the following table to determine the incremental cash flows for leasing vs. buying: + 0 1 -6400 640 2 -6400 640 3 -6400 640 4 -6400 640 Lease Expense Tax Savings (Lease Expense) ANet Fixed Assets Depreciation Tax Shield FCFs 16000 16000