Use the table for the question(s)below.
Danby Construction is considering leasing a new crane for the next 5 years.Danby has created the following table of cash flows to help with the decision:

-If Danby's borrowing cost is 9%,and its tax rate is 30%,what is the amount of the lease-equivalent loan for the crane?
A)$156,032
B)$175,382
C)$308,968
D)-$363,441
E)$289,618

Question

Use the table for the question(s)below.
Danby Construction is considering leasing a new crane for the next 5 years.Danby has created the following table of cash flows to help with the decision:
 
-If Danby's borrowing cost is 9%,and its tax rate is 30%,what is the amount of the lease-equivalent loan for the crane?
A)$156,032 
B)$175,382 
C)$308,968 
D)-$363,441 
E)$289,618

Quizplus · Accepted Answer

The Answer of Use the table for the question(s)below.
Danby Construction is considering leasing a new crane for the next 5 years.Danby has created the following table of cash flows to help with the decision:
 
-If Danby's borrowing cost is 9%,and its tax rate is 30%,what is the amount of the lease-equivalent loan for the crane?
A)$156,032 
B)$175,382 
C)$308,968 
D)-$363,441 
E)$289,618

Use the Table for the Question(s)below