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Maxstor Corporation is considering leasing an equipment from CapLease. The equipment costs $8,130,000, and it would...

Maxstor Corporation is considering leasing an equipment from CapLease. The equipment costs $8,130,000, and it would be depreciated straight-line to zero over six years. The equipment will have zero salvage value in six years. The company can lease it for $1,730,000 per year for six years. Assume that the tax rate is 25 percent. Maxtor can borrow at 8.4 percent before taxes. What is the net advantage of lease relative to purchase (NAL)? $135,401.25 $141,206.70 $128,833.46 $159,312.11 $111,490.39

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