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NYC Limo has a client who will sign a lease for a limousine.Consider a $90,000 limousine that will last for four years and canbe depreciated on a three-year MACRS schedule. Assume that leaserates for old and new limousine are the same and that Acme LimoInc's pretax administrative costs are $9,000 per limousine per year(these costs will occur at the beginning of the year). Theafter-tax cost of capital is 8% and the tax rate is 20%. Thelimousine is expected to be sold for $15,000 at the end of 4 years.The Lease payments are made in advance, that is, at the start ofeach year. The inflation rate is zero. What is the break-evenoperating lease rate for the limousine?Use the following table for depreciation-MACRS Rates for threeyear asset-Half Year ConventionYear %1 33.33%2 44.45%3 14.81%4 7.41%Please choose all correct answers. However, if you choose awrong answer, then each incorrect answer will reduce the score by10%1. The cash flow for year 4 is $9798 to 98022. The cash flow at year 2 is 685 to 6953. The break-even leasing payment before tax is $31960 to$319704. The breakeven leasing payment before tax is $31940 to319505. The break-even leasing payment after tax is $25550 to$255606. The cash flow at year 0 is -$97,200 (that's a negative signjust in case it's not clear)7. The cash flow at year 2 is $696 to 7008. The break-even leasing payment after tax is $25560 to$255709. The break-even leasing payment after tax is 25570 to2558010. The cash flow for year 4 is $9805 to 981011. The cash flow at year 0 is -$97,000 (that is a negative signjust in case it's not clear)12. The break-even leasing payment before tax is $31950 to$31960