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) 2. Annual cost (before tax) B. Financing and the purchase: 1. Cost of the assets 2. The useful life of the asset (in years) 3. Debt agreement a. financing as % of total cost of asset b. Repayment term c. Interest rate 4. Residual value of the asset 5. Capital cost allowance C. Assumption: 1. Corporate income tax rate