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ABD is a leasing company. The lease calls for 10 payments of $1,673 per year with the first payment occurring immediately. The machine costs $8,268

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ABD is a leasing company. The lease calls for 10 payments of $1,673 per year with the first payment occurring immediately. The machine costs $8,268 to buy. The present value of CCA tax shield is $884. The present value of its salvage value is $498 and the present value of the tax on terminal loss is $82. ABD firm can borrow at a rate of 9%. The corporate tax rate is 31%. What is ABD's NPV of leasing

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