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A lessor will charge $13,800 a year for four years as lease payments on $47,800 of equipment. The equipment has a life of four years

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A lessor will charge $13,800 a year for four years as lease payments on $47,800 of equipment. The equipment has a life of four years after which it should resell for $8,400. Your firm uses straight-line depreciation, borrows at 10 percent, and has a tax rate of 25 percent. What is the amount of the Year 4 cash flows when computing the NAL? Multiple Choice -$16,650 -$19,638 a -$21,738 O -$15,748 -$17,038

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