Practice Exercise 21I: Cost of Leasing A cost of leasing table is reproduced below. Required Using the appropriate table from the Chapter 12 Appendices, record the present-value factor at 6% for each year and compute the present-value cost of leasing. Cost of Leasing: Suburban ClinicComparative Present Value Not-for-Profit Cost of Leasing: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Net Cash Flow (11,000) (11,000) (11,000) (11,000) (11,000) - Present-value factor (at 6%) Present-value answer 5 Present-value cost of leasing 5 Assignment Exercise 211: Cost of Owning and Cost of Leasing Cost of owning and cost of leasing tables are reproduced below. Required Using the appropriate table from the Chapter 12 Appendices, record the present-value factor at 10% for each year and compute the present-value cost of owning and the present value of leasing. Which alternative is more desirable at this interest rate? Do you think your answer would change if the interest rate was 6% instead of 10%? Cost of Owning: Anywhere ClinicComparative Present Value For-Profit Cost of Owning: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Net Cash Flow (48,750) 2,500 2,500 2,500 2,500 5,000 Present-value factor Present-value answers 5 Present-value cost of owning 5 Cost of Leasing: Anywhere ClinicComparative Present Value Line For-Profit Cost # of Leasing: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 19 Net Cash Flow (8,250) (8,250) (8,250) (8,250) (8,250) - 20 Present-value factor 21 Present-value answers 5 22 Present-value cost of leasing 5