Question: Chappal, Co is leasing a machine for 2 years. The machine costs $ 8 , 0 0 0 . The machine belongs to an asset

Chappal, Co is leasing a machine for 2 years. The machine costs $8,000. The machine belongs to an asset class for CCA rate of 30%. Chappal's marginal tax rate is 20%. What lease payment will make Chappal Co. indifferent between leasing and buying if the after-tax cost of debt is 10%? Ignore salvage value.
Question 28 options:
$4,192.82
$4,371.77
$4,838.10
$5,124.52
$5,432.65

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