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Wings Inc. is a commuter airline that serves the Boston area. Wings plans to lease a new plane through Nantucket Capital Inc. The lease term

Wings Inc. is a commuter airline that serves the Boston area. Wings plans to lease a new plane through Nantucket Capital Inc. The lease term is fifteen years, and no residual value is expected at its end. a. What monthly lease payment must Nantucket charge to earn a 12% return on its investment if the plane Wings wants costs $1.5 million?

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