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Steveris Auto Detailers is trying to decide whether to lease or buy some new equipment for polishing vehicles. The fqupment costs $22,000, has a 3

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Steveris Auto Detailers is trying to decide whether to lease or buy some new equipment for polishing vehicles. The fqupment costs $22,000, has a 3 year life, and will be worthiess after the 3 years. The aftertax dispount rate is 62 percent. The annual depreciation tax shield is $1.760 and the aftertax annual lease payment is $6,800. What is the net advantage to leasing

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