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Carla Company purchased a machine at a price of $94, 600 by signing a note payable, which requires a single payment of $152, 354 in

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Carla Company purchased a machine at a price of $94, 600 by signing a note payable, which requires a single payment of $152, 354 in 5 years. Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to 0 decimal places, e.g. i3%.) Rate of interest The Sage Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Sage has decided to locate a new factory in the Panama City area. Sage will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs. Purchase for a cash price of $610, 600, useful life 26 years. Lease for 26 years with annual lease payments of $71, 980 being made at the beginning of the year. Purchase for $653, 200 cash. This building is larger than needed; however, the excess space can be sublet for 26 years at a net annual rental of $6, 050. Rental payments will be received at the end of each year. The Sage Inc. has no aversion to being a landlord. In which building would you recommend that The Sage Inc. locate, assuming a 10% cost of funds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458, 581.) The Sage Inc. should locate itself in

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