A firm is considering the purchase of a new equipment costing $4,407,655 which qualifies for a 24% CCA rate. This equipment has a 4-year life after which it can be sold for $894,120. The firm can lease it for $1,339,780 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 26%, and the pre-tax cost of borrowing is 6.82%. What is the break-even lease payment? $825,463 $848,393 $871,322 $894,252 $917,182 A firm is considering the purchase of a new equipment costing $4,407,655 which qualifies for a 24% CCA rate. This equipment has a 4-year life after which it can be sold for $894,120. The firm can lease it for $1,339,780 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 26%, and the pre-tax cost of borrowing is 6.82%. What is the break-even lease payment? $825,463 $848,393 $871,322 $894,252 $917,182