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A firm is considering leasing or buying a mower. The mower costs $1000. The firm is also considering a 3 year lease, with $433 per

A firm is considering leasing or buying a mower. The mower costs $1000. The firm is also considering a 3 year lease, with $433 per year lease payment payable at the start of each year. The firm is in the 30% tax bracket. What is the annual net operating cost associated with the lease?

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