Discoumt rale = 7*(1-0.28) 5.04% Year Year 1 Year 2 Year) Ya 4 Tost i uning Copiers' ' c 875,000 S2000 11. Lenslagosh Mony TSE nesment SIR_200) $(18.300) $(18,300) $(18,300) $ 18,300) TEX NISS inen . 5.124 5.124 Mantang 5 3951nas 180 BSD 880 280 2161 M23 most of losinac 2017 S521 CCA (22 On bership Benefit EMITTITRE care I DISCH Pasaraf tar shiel. = S16 I OST III. Ve dvantage to Laskoz (NAL) 16.30 lose payment $118,300) $(18,300) $(18,300) $(18,300) $18,300) Tax 30vings fronu lerde payment 5.124 5,124 5,124 Maintenance cost savings 880 $80 Tabes on maintenance costs (246) (246) (246) Nel cash don 12,116) 5012 542) 102 5423 (12,542) SG4 Py eest ef leasing at 5.01% $57,112) CCA tax ownership woefit I Presgut value of the CCA tak shield 000FU 20r0 28 Ons 1+ 0 510 0504 10.0504 $16.371. VE m. Ne Adiantage to Leasing (NAL) Machutery cost $25 000 Poleasing allows Sr.112) Pati shili $_1912 NAD Terslure PGL ld lense te coplex Pot Residual Value IV - 10.000. PMT -0.N-S. I'Y - S04 PVS7.820 Son x 0.312 2 . Keduction it: CCA tax shield 14 rasai-) - 1.749 NAL = 51.517 - $178201 - 51.749 - $14.55-). NAL20 do not lease c. New PV of the CCA tax shield, * 1+0.5. 17 1 75.000 10.50 +0.28 1 (1+0.510.0504 0.0501 +0.50 1+ ODSOT S12.619. NALS75.000-$$7.112 - $18.619 = -9731. NAL