Omnitinterprises es considering whether to bonow funds and purchase an asset or to lease the asset under an operating lease Arrangement. If e purchases the asset, the cost will be $12.000. it can boriow funds far four years at 8 percent intereat. The assiet will qualif for a 25 percent CCA. Assume a tex rate of 35 percent The other aternative is to sign two operating leases, one with payments of $2,900 for the first two years and the orher with poyments of $4700 for the lact two years. The leasers would be treated as operating leases. a. Compute the aftertex cost of the lease for the four years. (Negotive answers should be indicated by n minus sign, Pound the finai ancwers to niearect whofe dollar.) b. Compute the annual payment for the foan. Use Appendix D, (Round the final antwer to nearest whole dollor) Annual payment c. Compute the amortization schedule for the loan. (Do not round intermediate colculations. fround the final answers to the nearest. whole dollori) d. Compute the present value of the capitai cost allowsnce. (Do not round intermediate colculations. Round the final onswaru to the Hearest whole doliar.) PY(CCA) e. Compute the aftertax cost of the bortow.purchase alternative (Do not round intermediate colculations. Round the final answers to the neerest whole doller) d. Compute the present value of the capiral cost allowance. (Do nor round intermediote calculations. Round the final answers to the nestest whole dolioc) PVICCA) - Compute the aftertax cost of the borrow-purchase alternative. (Do not round intermediate calculations. Round the finol answers to the nearest whole dollar.) t. Compute the present volue of the aftertax cost of the two alternatives. (Round intermediate calculations and round the final enswers to the nearest whole dollar) 9. If the objective is to minimize the present vaiue of aftertax costs, which alternative should be selected? Leasino Rorrowi Purchase