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You are deciding how to finance using a new building for 3 years. You could lease it for $1,000,000 upfront, then $500,000 each in the

You are deciding how to finance using a new building for 3 years. You could lease it for $1,000,000 upfront, then $500,000 each in the following two years; or would you rather pay $700,000 rent each year? Assume the discount rate is 25%.

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