Pele Corp. is a professional leasing company. The leasing manager has to evaluate some lease agreements under the following conditions: -

The company's marginal federal-plus-state income tax rate is 30%.

The company has alternative investment options of similar risk that yield 7.50%

Assuming all other factors and values are constant among these leases, fromt the lessor's perspective, which of the following are the best lease?

a. A lease that has an MIRR of 5.85%

b. A lease that has an IRR of 4.45%

c. A lease that generates an after-tax rate of return of 4.15%

d. A lease that hads NPV of -$120,000