Your firm is considering leasing a new photocopier. The lease lasts for nine years. The lease calls for 10 payments of $1,000 per year with the first payment occurring immediately. The copier would cost $8,100 to buy and would be depreciated using the straight-line method to zero salvage over nine years. The firm can borrow at a rate of 8 percent. The corporate tax rate is 21 percent. What is the NPV of the lease? HINT: Calculate the PV annuity factor using E atry 1 (1 + r)" for 9 periods at the after tax discount rate of 3.32% or 6.70796 $360 O $743 O $1,039 O $6,610