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Firm X buys equipment for $9,000 and leases the equipment to firm A for $700 a year for five vears. After five years, firm X

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Firm X buys equipment for $9,000 and leases the equipment to firm A for $700 a year for five vears. After five years, firm X expects to seif the asset for $10,000. What is the return that firm X eams on the lesse? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number

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