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5 points A travel company is considering obtaining a new boat for tours. It is expected to cost 3,000,000, have a useful life of three

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5 points A travel company is considering obtaining a new boat for tours. It is expected to cost 3,000,000, have a useful life of three years, and sold for 2,000,000 at that time. It will fall into a 25% CCA rate, the firm's tax rate is 40% and its cost of capital is 14%. The boat builder is offering a lease (rent) alternative. What is the most the travel comparw would be willing to pay at the end of each of the three years it it decided to lease the boat? (The pre-tax lease payment amount. Hint, calculate the net cost of ownership as a starting point) b. 976.851 C239 323 d. 1,000,000 D 1137 1921 TE d) ENG 28 - Sonny

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