Your fiRm Needs to Either Buy or Lease $230,000 Worth

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 amount of the break-even lease payment to the lessee?

A) $47,740
B) $51,254
C) $63,334
D) $68,009
E) $69,813