The Deacon Co$.$ is a pharmaceutical firm that has decided to

acquire a new line of centrifuges to improve its production

process. They are now trying to determine whether to

purchase or lease the centrifuges. These machines cost

$$48,000$ and have a useful operating life of four years. If

they purchase the centrifuges they will be depreciated over

their four$-$year life by the straight$-$line method. The Deacon

Co$.$ pays taxes at a rate of $21\%$ under the TCJA and their

before tax borrowing cost is $6\%.$ Based on this information

what is the breakeven lease payment below which it is

economical for The Deacon Co$.$ to lease the centrifuges?

$$13,841\mathrm{.}65$

$$13,454\mathrm{.}91$

$$10,934\mathrm{.}91$

$$14,995\mathrm{.}13$

$$12,688\mathrm{.}18$