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Lease cash flows Given the lease payment and term shown in the following table, determine the yearly after-tax cash outflow for the firm, assuming that

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Lease cash flows Given the lease payment and term shown in the following table, determine the yearly after-tax cash outflow for the firm, assuming that the lease payment is made at the end of each year and that the firm is in the 24% tax bracket. Assume that no purchase option exists. Term of lease Annual lease payment $60,000 10 years Review Only i Click the icon to see the Worked Solution (Formula Solution). The yearly after-tax cash outflow for the firm is $ 45600. (Round to the nearest dollar.)

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