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Posted on Jul 28, 2024

You can buy a steam press for your business at $5,000 or lease one for 6 months at $1,200 per month, with the first payment

You can buy a steam press for your business at $5,000 or lease one for 6 months at $1,200 per month, with the first payment due today. The cost of capital is 8% per month and the tax rate is 15%. Should you lease or buy? What is the NAL?

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