Stevens auto detailers is trying to decide whether to lease, Financial Management

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Stevens auto detailers is trying to decide whether to lease

Steven's Auto Detailers is trying to decide whether to lease or buy some new equipment for polishing vehicles. The equipment costs $22,000, has a 3-year life, and will be worthless after the 3 years. The aftertax discount rate is 6.2 percent. The annual depreciation tax shield is $1,760 and the aftertax annual lease payment is $6,650. What is the net advantage to leasing? A. -$397.11 B. -$248.16 C. $184.92 D. $315.40 E. $462.84

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Financial Management: Stevens auto detailers is trying to decide whether to lease

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