A company is deciding whether to lease or buy new equipment. The equipment can be purchased for $70,000 or leased for a 5-year period for $8,000 per year (due at the beginning of each year). The firm can borrow at 14%. The equipment has a CCA rate of 25%. Salvage value in 5 years is expected to be $4,000. The company's marginal tax rate is 33\%. Calculate PV CCATS. Round the PV CCATS to 2 decimals (e.g 22.05), and the unit is $. Your Answer: Answer units A company is deciding whether to lease or buy new equipment. The equipment can be purchased for $70,000 or leased for a 5-year period for $8,000 per year (due at the beginning of each year). The firm can borrow at 14%. The equipment has a CCA rate of 25%. Salvage value in 5 years is expected to be $4,000. The company's marginal tax rate is 33\%. Calculate PV CCATS. Round the PV CCATS to 2 decimals (e.g 22.05), and the unit is $. Your Answer: Answer units