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Ajax Capital has determined that the amount to be amortized on a security system is $300,000. What annual lease payment must Ajax (lessor) require from
Ajax Capital has determined that the amount to be amortized on a security system is $300,000. What annual lease payment must Ajax (lessor) require from the lessee if the required rate of return is 16.5%? Assume that the lease payments will be made at the beginning of each of the 4 years of the lease agreement and that the marginal tax rate is 25%.
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