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Finance manager of James company wants to plan to buy a generator at a price of $1.6 billion. The alternative is as follows, buy directly

Finance manager of James company wants to plan to buy a generator at a price of $1.6 billion. The alternative is as follows, buy directly $ 1.6 billion or rent it at a price of $30 million per month. The assumed annual deposit rate is 7%. Which do you think will be chosen?

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