Check my work 12 Gatto Manufacturing is considering leasing some equipment. The annual lease payment would be $665,000 per year for nine years. The appropriate interest rate is 8 percent and the company is in the 24 percent tax bracket, 0.5 points What reduction in debt capacity would occur if the company signs the lease? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Burk Reduction in debt capacity Print References