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26-06-2024
Business

Answered

Park Medical intends to lease some equipment that costs $122,000 and has a life of five years. The firm’s tax rate is 21 percent and its cost of borrowing is 5.25 percent. If the annual lease payment is $27,500, what is the amount of the aftertax lease payment?
Group of answer choices
A. $26,056
B. $19,276
C. $24,400
D. $21,725
E. $20,584

Answer :

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