Question: Refer again to Problem 8. Suppose a blue-chip company requests a six-year financial lease for a $3,000 desk. The company has just issued five-year notes

Refer again to Problem 8. Suppose a blue-chip company requests a six-year financial lease for a $3,000 desk. The company has just issued five-year notes at an interest rate of 6% per year. What is the break-even rate in this case? Assume administrative costs drop to $200 per year. Explain why your answers to Problem 8 and this question differ.

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