mutiple choice Q

If a firm can buy a machine for $60000, takes an investment tax credit of 15%, and lease outthe machine for 9 years with lease payments at the beginning of the year, how much should the minimum annual lease payments be? Assume a 6-year straight-line depreciation, $9000 salvage and a tax rate of 21%. Assume further that it can borrow at a before tax rate of 8%.

Group of answer choices

choose of the following answers

$6,600

$6,100

$6,800

$7,500

$6,900