Tasks:
	1. Calculate the economics of leasing or buying (70%)
	2. Provide your recommend based on your calculation (30%)
	The facts of the case are as follows:
	A. The lease:
	1. Duration (in years)		10 years
	2. Annual cost (before tax)		$250,000
	B. Financing and the purchase:
	1. Cost of the assets		$650,000
	2. The useful life of the asset (in years)		10 years
	3. Debt agreement
	a. financing as % of total cost of asset		100%
	b. Repayment term		10 years
	c. Interest rate		5%
	4. Residual value of the asset		0
	5. Capital cost allowance		35%
	C. Assumption:
	1. Corporate income tax rate		25%

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