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Your company is considering leasing a piece of equipment for the next 10 years for $120,000. Your company can buy the equipment outright or lease

Your company is considering leasing a piece of equipment for the next 10 years for $120,000. Your company can buy the equipment outright or lease it. The annual lease payments of $15,000 are due at the beginning of each year The lease includes an option for your company to buy the equipment for $25,000 at the end of the leasing period. Should your company accept the lease offer if the appropriate discount rate is 8 percent a year? Why

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