Question $8$: A company is looking to buy a warehouse with $$385,000$ down payment plus a $$900,000,7\%$ interest$-$only loan. Assume the annual depreciation is $$35,000$ and the company$$s tax rate is $30\%.$ If the after$-$tax cash flow $($ATER$)$ from sale at end of year $5$ is $$450,000$ and investor$$s opportunity cost is $12\%.$ What is the NPV cost of owning the property? Question $9$: In question $8,$ if the same building can be leased for $$800,000$ per year for $5$ years with triple net lease. What is the net present value cost of leasing the property, given the owner's tax rate at $30\%?$