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Sudbury Leasing Corp. is considering the purchase of a fleet of cars for $ 4 4 0 , 0 0 0 . 0 0 .

Sudbury Leasing Corp. is considering the purchase of a fleet of cars for $440,000.00.
It can borrow at 7.5%. The cars will be used for 6 years. Sudbury Leasing Corp. calls a leasing agent and finds that the cars can be leased for $88,000.00 per year. The corporate tax rate is 34% and the cars belong in a 20% CCA class. Assuming beginning of period payments and salvage value of $77,000.00, what is the net advantage to leasing?
a)-$34,549.96
b)-$36,624.91
c)-$3,216.19
d)-$19,934.18
e)$17,230.20

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