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Your firm needs to either buy or lease $230,000 worth of vehicles. These vehicles have a life of 4 years after which time they are

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Your firm needs to either buy or lease $230,000 worth of vehicles. These vehicles have a life of 4 years after which time they are worthless. The vehicles belong in CCA class 10 (a 30% class) and can be leased at a cost of $68,000 a year for the 4 years. The corporate tax rate is 34% and the cost of debt is 10%.What is the net advantage to leasing? Select one: A. $4,215 B. $4,361 C. $4,435 D. $4,475 E. $5,505

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