HP Leasing Co. is evaluating a potential lease of machinery to Healthcare Safety Products Inc. The company has sufficient cash on hand to buy the machinery today. Using the information below, is purchasing and then leasing the equipment a value-adding project? Machinery cost 1,456 thousand Tax rate Machinery life! 2 years (straight-line depreciation) YTM on bond purchase Salvage value 0 thousand Annual maintenance 32 thousand, beginning of each year Leasing charge 312 thousand, beginning of each year 18% 8% HP Leasing Co. is evaluating a potential lease of machinery to Healthcare Safety Products Inc. The company has sufficient cash on hand to buy the machinery today. Using the information below, is purchasing and then leasing the equipment a value-adding project? Machinery cost 1,456 thousand Tax rate Machinery life! 2 years (straight-line depreciation) YTM on bond purchase Salvage value 0 thousand Annual maintenance 32 thousand, beginning of each year Leasing charge 312 thousand, beginning of each year 18% 8%