Question 24 (1 point) A firm is considering the purchase of a new equipment costing $6,719,250 which qualifies for a 37% CCA rate. This equipment has a 4-year life after which it can be sold for $1,363,030. The firm can lease it for $2,042,430 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 39%, and the pre-tax cost of borrowing is 9.94%. What is the break-even lease payment? $1,353,222 $1,390,811 $1,428,401 $1,465,990 $1,503,580 Question 24 (1 point) A firm is considering the purchase of a new equipment costing $6,719,250 which qualifies for a 37% CCA rate. This equipment has a 4-year life after which it can be sold for $1,363,030. The firm can lease it for $2,042,430 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 39%, and the pre-tax cost of borrowing is 9.94%. What is the break-even lease payment? $1,353,222 $1,390,811 $1,428,401 $1,465,990 $1,503,580