Given the lease payments and terms shown in the following table, determine the yearly after-tax cash outflows for each firm, assuming that lease payments are made at the end of each year and that the firm is in the 40% tax bracket. Assume that no purchase optionexists.

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Annual lease payment Term of lease Firm $100,000 80,000 150,000 60,000 20,000 4 years 14 25 10