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Firm X buys equipment for $9,000 and leases the equipment to firm A for $800 a year for 5 years. After 5 years, firm X
Firm X buys equipment for $9,000 and leases the equipment to firm A for $800 a year for 5 years. After 5 years, firm X expect to sell the asset for $10,000. What is the return that firm X earns of the lease?
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