Imagine you are a CFO for a company that is contemplating leasing some machinery for the operations. The machinery costs -$[(3 + 1.2 * (1+6)) * 1,000,000] and would be depreciated straight-line to zero over [9+5] years. Because of the state of the economy, both you and the lessor are evaluating this project for four years. You can lease the machinery for $[(3+2) * 56,875] per year for the four years. Assume that your tax rate is [40+1+6]% and that of the lessor is [40+2+9]%. You can borrow at [(4.5+9)]% before taxes.

NOTE: Regardless of the amount of years of depreciation, you will evaluate the project for four years

c.) What would be the maximum payment that a lessee would be willing to pay?

NOTE: Write the number. Do not answer in millions or in thousands. If your answer is 23,254,267.6849 answer 23254267.6849.

NOTE: WRITE the absolute value of the number, if the number is negative, write it as a positive.

d.) What would be the minimum payment that a lessor would be willing to accept?

NOTE: Write the number. Do not answer in millions or in thousands. If your answer is 23,254,267.6849 answer 23254267.6849.