The lessee's lease analysis. Mitata Company is considering the purchase of new manufacturing equipment that will cost $15,000 (including shipping and installation). Mitata can take out a four-year. $15,000 loan to pay for the equipment at an interest rate of 3.60%. The loan and purchase agreements will also contain the following provisions: The annual maintenance expense for the equipment is expected to be $150. The equipment has a four-year depreciable life. The Modified Accelerated Cost Recovery System's (MACRS) depreciation rates for a three-year asset are 33.33%, 44.45%, 14.81%. and 7.41%. respectively. The corporate tax rate for Mitata is 35%