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asasp pls Assignment 3 A company has determined that it needs a new machine that will save $4,000 per year in reduced production costs for

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asasp pls

Assignment 3 A company has determined that it needs a new machine that will save $4,000 per year in reduced production costs for the next five years. The price of the machine is $15,000. The company has a corporate tax rate of 34 percent. We assume that five-year straight-line depreciation is used for the machine, and the machine will be worthless after five years. However, Friendly Leasing Corporation has offered to lease the same machine to the company for $3,500 per year for five years. Which alternative is better for the company

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