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You can buy a steam press for your business at $4,000 or lease one for 4 months at $1,400 per month, with the first payment

You can buy a steam press for your business at $4,000 or lease one for 4 months at $1,400 per month, with the first payment due today. The cost of capital is 9% per month and the tax rate is 19%. Should you lease or buy? What is the NAL?

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