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Your firm is considering leasing a new computer. The lease lasts for 4 years. The lease calls for 5 payments of $950 per year with

Your firm is considering leasing a new computer. The lease lasts for 4 years. The lease calls for 5 payments of $950 per year with the first payment occurring immediately. The computer would cost $7,080 to buy and would be depreciated using the straight-line method to zero salvage over 4 years. The firm can borrow at a rate of 6%. The corporate tax rate is 25%. What is the NPV of the lease?

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