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Written entertainment is considering buying a machine that costs $564,000. The machine will be depreciated over four years by the straight-line method and will be

Written entertainment is considering buying a machine that costs $564,000. The machine will be depreciated over four years by the straight-line method and will be worthless at that time. The company can lease the machine with year-end payments of $177,000. The company can issue bonds at an interest rate of 7 percent. The corporate tax rate is 24 percent. What is the NAL of the lease?

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