Compare a capital lease with a credit purchase for a $$150,000$ asset, depreciable over $5$ years, with zero residual value. Lease payments are $$37,000,$ due at the beginning of each of the next $5$ years. Credit terms are $25\%$ down payment and a loan payable in equal payments of principal and interest over $5$ years at $10\%$ interest. The investor's tax rate is $30\%,$ and the after$-$tax cost of capital is $8\%.$ Invesetment tax credit and the MACRS apply.