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Q 1 : Company x , whose tax rate = 2 0 % , is considering a lease of 9 years, which has constant yearly

Q1: Company x, whose tax rate =20%, is considering a lease of 9 years, which has constant yearly payments of $22,700(note: financing costs are $23,500 to buy). Assuming company x's before-tax leasing rate =8% and the net cost of buying =$115,200, should company x lease the asset?
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