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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
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. Annual lease payment $190,000 Term of lease 14 years The yearly after-tax cash outflow for the firm is S (Round to the nearest dollar.)
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