1. If Joe is looking at buying a truck that costs $75,000 out the door, and he considers financing the entire amount at a rate of 6% over 72 months, what is his expected monthly payment? (2 marks). If he leases the truck the payment will be $800 per month with a buyout option of $40,000 after three years. What will his after tax cost of the lease payment be versus the loan payment assuming a 40% marginal tax rate? (2 marks) What is his effective loan rate after tax? (1 mark)