A firm borrows money at 8.75 percent,uses straight-line depreciation,and has a 37 percent tax rate.The firm's break-even aftertax annual lease payment on a machine is $16,511.How much will the firm have to pay annually to the lessor to lease this machine?
A) $16,511
B) $19,408
C) $22,620
D) $23,919
E) $26,208
Correct Answer:
Verified
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