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You need a particular piece of equipment for your production process. An equipment-leasing company has offered to lease the equipment to you for $9,600 per

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You need a particular piece of equipment for your production process. An equipment-leasing company has offered to lease the equipment to you for $9,600 per year if you sign a maintain the equipment yourself. The cash flows from doing so are listed here: (the equipment has an economic life of 5 years). If your discount rate is 7.3%, what should you do? Data table (Click on the following icon in order to copy its contents into a spreadsheet.)

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