Question 9 (1 point) A company is deciding whether to lease or buy a new truck. The truck can be leased for a 8-year period for $10,000 per year (due at the beginning of each year). The firm can borrow at 12%. The company's marginal tax rate is 42% and CCA is 27%. Calculate the PV of Lease. Round the PV of Lease to 2 decimals (e.g 22.05), and the unit is $.

Question 10 (1 point)

A company is deciding whether to lease or buy a new truck. The truck can be purchased for $25,000. The salvage value in 6 years is expected to be $2,000. The company's marginal tax rate is 36%, cost of debt is 8%, and its WACC is 20%. Calculate the PV of Salvage.