(I) The decision rule for a lease versus buy decision is "buy if the equivalent annual cost of ownership and operation is greater than the best lease rate you can get from an outsider (lessor)."

(II) Leasing is more likely to be advantageous (compared to buying) to a lessee that has a high tax rate.

a.) (I) False; (II) True

b.) (I) True; (II) False

c.) Both are true

d.) Both are false