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Your company wants to purchase a new network file server for its wide-area computer network. The server costs $24,000. It will be obsolete in three

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Your company wants to purchase a new network file server for its wide-area computer network. The server costs $24,000. It will be obsolete in three years. Your options are to borrow the money at 10% or lease the machine. If you lease it, the payments will be $9,000 per year, payable at the beginning of each year. If you buy the server, you can apply a CCA rate of 30% per year. The tax rate is 40%. Assuming the asset pool was closed when the network file server became obsolete. Calculate the NAL. (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) NAL $ Should you lease or buy? O Buy O Lease

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