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Your firm is considering leasing a new computer. The lease lastsfor 9 years. The lease calls for 10 payments of $1,000 per yearwith the first payment occurring immediately. The computer wouldcost $7,650 to buy and would be straight-line depreciated to a zerosalvage value over 9 years. The actual salvage value is negligiblebecause of technological obsolescence. The firm can borrow at arate of 8%. The corporate tax rate is 30%.What is the NPV of the lease relative to the purchase?-$1,039.78$339.78$360.22$6,610.22None of these
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