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Your client. Abert Allen Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 25 years: Allen has
Your client. Abert Allen Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 25 years: Allen has an imvestment cost of $429,600 in the machine, which has a veful life of 25 years and no salvage value at the end of that time. Your client is interested in earning an 12% return on its investment and has agreed to accept 25 equal rental payments at the end of each of the next 25 years: Click bere to view factor tables: You are requested to provide Allen with the amount of each of the 25 rental payments that will yield an 12% retum on investment. (Round foctor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, es. 458.581.) Amount of each rental payments
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