Homework: HW3-Leas... Question 1. Warm-Up 1... HW Score: 0%, 001 5 points Save Part 1 of 2 O Points: 0 of 1 N and M Corp is considering jousing a new machine for $20,000 per year, The lease rangement calls for a s-year lease with an option to purchase the machine at the end of the base for $4,000. The firm is in the 25% tax bracket. What is the present value of the loose outfiows, including the purchase option, lease payments are made at the end of each year and if the after-tax cost of debtis 11967 The annual after-tax inase payment is $. (Round to the nearest dollar)