Jack Toronto is the newly recruited financial analyst of Von Mining Company Ltd. He has been asked to analyze a proposal to acquire a drilling machine. He received the appropriation capital request. Von Mining Company can purchase the drilling machine for GHC 50,000. Von Mining Company Ltd can also lease the drilling machine for GHC12,200 a year for a 5-year period from Trosky Leasing Ltd. The expected life of the machine is given as 5 years and expected to have a salvage value of GHC5000 in 5 years' time. The mining company intends to buy the drilling machine a fair market value at that time. If the mining company decides to buy the machine, it can acquire financing at 20%. It will cost the Mining Company GHC6,000 in maintenance and insurance of the drilling machine. The tax rate is 34%. Assume depreciation is on straight line basis and lease rentals are tax deductible. (Assume payment is made at the end of the year) Required: 1. In the proposal submitted by Trosky Leasing Ltd, they reiterated the reasons why Von Mining Company should consider leasing as a financing option. Explain some of the resson Trosky Lessing Ltd might have mentioned in their proposal 2. Identify five (5) features that distinguishes Finance lease from Operating Lease