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Please do not show work and answers in handwriting, because I do not always understand what is written. Thank you so much! for an approximate
Please do not show work and answers in handwriting, because I do not always understand what is written. Thank you so much!
for an approximate answer but calculate your final answer The Hardaway Corporation plans to lease a S890,000 asset to the O Neil Corporation. The lease will be for 15 years Use using the formula and financial calculator methods. pen X a. If the Hardaway Corporation desires a return of 11 percent on its investment, how much should the lease payments be? (Do not round intermediate calculations and round your answer to 2 decimal places.) Lease payment b. if the Hardaway Corporation is able to take a 10 percent deduction from the purchase price of $890,000 and will pass the benefits along to the O'Nel Corporation in the form of lower lease payments (related to the Hardaway Corporation in the form of lower initial net cost), how much should the revised lease payments be? The Hardaway Corporation desires a return of 11 percent on the 15-year lease. (Do not round intermediate calculations and round your answer to 2 decimal places.) Revised lease paymentStep by Step Solution
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