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Question 11 8 pts You work for a firm that is contemplating leasing an asset that costs $1,500,000 and it would be depreciated straight-line to
Question 11 8 pts You work for a firm that is contemplating leasing an asset that costs $1,500,000 and it would be depreciated straight-line to zero over a four- year period at the end of which it will be completely valueless. Assume the tax rate is 21 percent. You can borrow at 8 percent before taxes. What is the lease payment at which both parties will break-even? (Please, do not round intermediate calculations. Provide your final answer rounded to 2 decimal places with no dollar symbol ($))
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