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A company is deciding whether to lease or buy new equipment. If purchased, the equipment would cost $20,000. Consider the following information: . PV of
A company is deciding whether to lease or buy new equipment. If purchased, the equipment would cost $20,000. Consider the following information: . PV of Lease Payments Before-tax = $12,000 PVCCATS = $6,000 PV of Lease Payments Tax Shield = $4,000 PV of Salvage Value = $2,000 Based on the above information, what is the NAL? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.) Numeric Response
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