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(Chap 25) Similar to the example in class on How much should you charge for a loase?, assume that you have computed Tolal Cash Flow

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(Chap 25) Similar to the example in class on "How much should you charge for a loase?, assume that you have computed Tolal Cash Flow associated with the costs of purchasing, maintaining, and the tax depreciabon effects for an asset you planto lease. The amounts for Totat Cash Flow are prosented in the seventh row in the table below As shown, the present value of those costs using a 9% disoount rate is - $12,2966515. What yearly "peforeclax rent must you receive from the lessee so that the present value of the "after-tax" rent equals $12,296.6515 ? (Assume the rents are the same each yeat, start at time 0 and end at time 7 , so there are eight total payments. Use a 21\% tax rate. Calculate the after-tax rent first using the 9% discoum rato, then use this amount to calculate the boforo tax rant ) Eriter your answer to two decimal pleces, but do not include the dollar sign (e g, arter 51250.0095 1260.00) Full credit wathin 250 of the correct answer (e.9. 1247.50 . 1252.50). No partial creditl

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