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CleverLease Inc offers rental of IT hardware for companies in USA. Consider a $3.200 Notebook from a famous brand, which lasts for 4 years and

CleverLease Inc offers rental of IT hardware for companies in USA. Consider a $3.200 Notebook from a famous brand, which lasts for 4 years and can be depreciated immediately. What is the break-even operating lease rate for such a Notebook, before and after tax? No inflation to be considered. CleverLease has pretax administrative costs of $150 per Notebook in each of years 1 to 4. The cost of capital is 7,5 % and the tax rate is 25 %. Lease payments are made in advance, that is, at the start of each year. Please present your solution in an appropriate table, covering the 4-years period plus the necessary calculations. (10 points)

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