Question: 28. Reconsider Example 7A.2 part (a) assuming Prudential estimates that the railroad cars will be worth $3 million at the end of the 20-year lease.

28. Reconsider Example 7A.2 part

(a) assuming Prudential estimates that the railroad cars will be worth $3 million at the end of the 20-year lease. Calculate the lease payment that will bring Prudential a 6% return on its investment.

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