Answer the $2$ questions

$1)$ A company is deciding whether to lease or buy new equipment. If purchased, the equipment would cost $$24,000.$ Consider the following information:

PV of Lease Payments Before$-$tax $=$$$16,000$

PVCCATS $=$$$5,000$

PV of Lease Payments Tax Shield $=$$$6,000$

PV of Salvage Value $=$$$3,000$

Based on the above information, what is the NAL? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit any commas and the

$ sign in your response. For example, an answer of $$1,000\mathrm{.}50$ should be entered as $1000\mathrm{.}50.)$

Numeric Response

$2)$ A company is deciding whether to lease or buy new equipment that can be purchased for $$42,000.$ If purchased, the equipment will need to be serviced at the end of

each year. Consider the following information:

PVCCATS $=$$$8,000$

PV of Lease Payments Before$-$Tax $=$$$45,000$

PV of Salvage Value $=$$$4,800$

PV of Lease Payments Tax Shield $=$$$16,000$

PV of Annual Service Costs After$-$tax $=$$$4,000$

Based on the above information, what is the present value of buying? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit any

commas and the $ sign in your response. For example, an answer of $$1,000\mathrm{.}50$ should be entered as $1000\mathrm{.}50.)$

Numeric Response