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CASE: WHY BUY IT, WHEN YOU CAN LEASE (CORPORATE FINANCE) 1.If Quick Leasing Company's tax rate is 40%, what is the minimum lease payment that

CASE: WHY BUY IT, WHEN YOU CAN LEASE (CORPORATE FINANCE)

1.If Quick Leasing Company's tax rate is 40%, what is the minimum lease payment that it would be willing to accept? Explain.

I need the detailed step by step calculation to arrive at the right answer???

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