MIT requires advanced network system, which can be purchased for $900,000 or leased our by Van Tech Ltd over 3 years at $335,000 per year. The system will be obsolete and will have no value after 3 years. Since MIT will be operating at approximately break-even for the foreseeable future, its tax rate will be close to zero. MIT can borrow at 13%. Van Tech can borrow at 7% and its tax rate is 35%. Assume that the system falls into Class 12 with a CCA rate of 100%. What is the minimum lease payment that Van Tech can charge and still wish to write the lease? MIT requires advanced network system, which can be purchased for $900,000 or leased our by Van Tech Ltd over 3 years at $335,000 per year. The system will be obsolete and will have no value after 3 years. Since MIT will be operating at approximately break-even for the foreseeable future, its tax rate will be close to zero. MIT can borrow at 13%. Van Tech can borrow at 7% and its tax rate is 35%. Assume that the system falls into Class 12 with a CCA rate of 100%. What is the minimum lease payment that Van Tech can charge and still wish to write the lease