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Assume an after - tax savings interest rate of 4 percent and a tax rate of 2 8 percent. a . Calculate the total rental

Assume an after-tax savings interest rate of 4 percent and a tax rate of 28 percent.
a. Calculate the total rental cost and total buying cost.
\table[[,Total Cost],[Rental cost,$,8,394],[Buying cost,$,8,680]]
b. Based on the cost criteria, would you recommend buying or renting?
Buying
Renting
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