Question: In Section 26.4 we showed that the lease offered to Greymare Bus Lines had a positive NPV of $820 if Greymare paid no tax and

In Section 26.4 we showed that the lease offered to Greymare Bus Lines had a positive NPV of $820 if Greymare paid no tax and a +$700 NPV to a lessor paying 35 percent tax. What is the minimum lease payment the lessor could accept under these assumptions? What is the maximum amount that Greymare could pay?

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