Which of the following statements are true?

I. Financial leasing can still provide off$-$balance sheet financing.

II$.$ The cost of capital for a financial lease is the interest rate the company would pay on a bank loan.

III. An equivalent loan$$s principal plus after$-$tax interest payments exactly match the after$-$tax cash flows of the lease.

IV$.$ It makes sense for firms that pay no taxes to lease from firms that do$.$

Question $15$Select one:

a$.$

I. II and III

b$.$

I, II$,$ III, and IV

c$.$

II$,$ III and IV only

d$.$

II and III only