Question: BONUS QUESTION 5 (2 EXTRA PTS) A 6 -year operating lease calls for end of year annual payments of $2,100. The leased asset would cost

BONUS QUESTION 5 (2 EXTRA PTS) A 6 -year operating lease calls for end of year annual payments of $2,100. The leased asset would cost $9,200 to buy and would be depreciated straight-line to zero-salvage xalue over 6 years The actual salvage value is negligible. The firm can borrow at a rate of 8 percent. What is the NPV of the lease relative to the purchase (NAL) if the lessee's tax rate is 35%

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