Nason Farms is considering the purchase of a delivery truck costing $39,000. The truck will be used for 3 years and then it will be worthless. The financing rate for the purchase is 8 percent and
The corporate tax rate is 35 percent. The firm uses straight-line depreciation. What is the break-even
Lease payment amount?
A) $15,115
B) $17,318
C) $17,546
D) $21,038
E) $23,254
Correct Answer:
Verified
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