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Suppose the entire $2,000,000 purchase price of the scanner is borrowed. The rate on the loan is 8 percent, and the loan will be repaid

Suppose the entire $2,000,000 purchase price of the scanner is borrowed. The rate on the loan is 8 percent, and the loan will be repaid in equal installments. Create a lease versus buy analysis that explicitly incorporates the loan payments. Show that the NPV of leasing instead of buying is not changed. Why is this so?

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