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Please show work Carnival Company is considering leasing a new equipment. The lease lasts for 8 years. The lease calls for 8 payments of $9,000

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Carnival Company is considering leasing a new equipment. The lease lasts for 8 years. The lease calls for 8 payments of $9,000 per year with the first payment occurring immediately. The equipment would cost $60,000 to buy and would be straight-line depreciated to a zero salvage value over 8 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow at a rate of 6%. The corporate tax rate is 25%. What is the NPV of the lease relative to the purchase? $6,276.51 $4,729.61 -$3,519.26 -$2,537.00 -$1,556.47

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