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Sullivan-Swift Mining Company must install $1.4 million of new machinery in its Nevada mine. It can obtain a bank loan for 100% of the required
Sullivan-Swift Mining Company must install $1.4 million of new machinery in its Nevada mine. It can obtain a bank loan for 100% of the required amount. Alternatively, a Nevada investment banking firm that represents a group of investors believes that it can arrange for a lease financing plan. Assume that the following facts apply:
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