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Mountain Environmental Consulting may buy some field equipment for $40,000 or lease it for $2500 per month. In either case, the equipment will be replaced

Mountain Environmental Consulting may buy some field equipment for $40,000 or lease it for $2500 per month. In either case, the equipment will be replaced in 2 years. The salvage value of the equipment after 2 years would be S6000. What is the IRR or cost of the lease

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