A company is looking to buy a warehouse with $385,000 down payment plus a $900,000,7% interest-only loan. Assume the annual depreciation is $35,000 and the company's tax rate is 30%. If the after-tax cash flow (ATER) from sale at end of year 5 is $450,000 and investor's opportunity cost is 12%. What is the NPV cost of owning the property? $250,778 $421,030 $365,764 $329,843 Question 9 0/1 pts In question 8 , if the same building can be leased for $800,000 per year for 5 years with triple net lease. What is the net present value cost of leasing the property, given the owner's tax rate at 30% ? $302,982 $201,867 $281,567 $355,964