An asset costs $$840,000$ and will be depreclated in a straight$-$IIne manner over its five$-$

year IIfe. It will have no salvage value. The corporate tax rate is $21$ percent and the

approprlate interest rate is $7$ percent.

a$.$ What would the lease payment have to be to make both the lessor and lessee

Indifferent about the lease? $($Do not round Intermedlate calculations and round your

answer to $2$ declmal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ Assume that the lessee pays no taxes and the lessor pays taxes. For what range of

lease payments does the lease have a positive NPV for both parties? $($Enter your

answers from lowest to highest. Do not round Intermedlate calculations and round

your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$