Question 6 (1 point) A firm is considering the purchase of a new equipment costing $3,874,210 which qualifies for a 21% CCA rate. This equipment has a 4-year life after which it can be sold for $785,910. The firm can lease it for $1,177,630 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 23%, and the pre-tax cost of borrowing is 6.10%. What is the break-even lease payment? $730,532 $750,276 $770,020 $789,764 $809,508