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Food Canners, Inc. needs some new equipment costing $910,000 if purchased. The equipment has a 3-year life after which time it would be worthless. The

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Food Canners, Inc. needs some new equipment costing $910,000 if purchased. The equipment has a 3-year life after which time it would be worthless. The firm uses straight-line depreciation over the life of the asset. Food Canners, Inc. borrows money at 7.50 percent and has a 35 percent tax rate. The equipment can also be leased for 3 years. What is the break-even lease payment? (Round the ATLP and the LDTS to the nearest whole dollar.) Multiple Choice $227,211 $234,012 $229,752 $237,348

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