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Calculate the implied interest rate for the lease payments. Lease A - Lease A covers office equipment which could be purchased for $108, 144. Marko

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Calculate the implied interest rate for the lease payments. Lease A - Lease A covers office equipment which could be purchased for $108, 144. Marko Ramius Company has, however, chosen to lease the equipment for $30,000 per year, payable at the end of each of the next 5 years. Lease B- Lease B applies to a machine which can be purchased for $114, 978. Leslie Chow Company has chosen to lease the machine for $24,000 per year on a 6-year lease. Payments are due at the start of each year

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