Check My Work (3 remaining) eBook Problem 7-30 Firm X buys equipment for $7,000 and leases the equipment to firm A for $600 a year for eight years. After eight years, firm X expects to sell the asset for $8,000. What is the return that firm X earns on the lease? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number. Interest Factors for the Present Value of One Dollar Time Period F 1.862 1873 -610 59 683 402 9 6 666 20 8 12345 5789g nupub Engw % 9 6 % 10% 12% 15% 1681 % 20% 78% 990 980 971 962 952 943 935 1926 97 909 1847 1.78] 1960 961943 925907.00 | M3718 | 694 1971 942 915 889 864 840 | 816 751 1.64] 609 1961 924 889 855 823 792_763 52 2 16. 1863 822 84 ) | 713 1.476 47 942 888 838 790 746 05 | 564 410 370 335 81 813 513 354 | 314 923853 789 327 305 266 226 247 227 191 162 045 1896 804 (162 135 066 1.12 1879 12 290 8708 263 099 1078 8643-25 084 | 853 78 621 534 458 30 130 [00: 07] 054 032 844714605 513 198 1080 60045 026 83600 8] 494 16 130 1009 051 038 1828 686 570 45 396 331 116 820 63 54 456 31 12 58 ( 29 104 013 55780 610 478 35 5 33 184 146 16 092 050 038 020 | 024 16 010 005 002 0 74252 12 308 23174 31 099 0 057 039 020 0 02 007 004 002 COT ww 052 16 09: 239 | 065 Interest Factors for the Present Value of an Annuity of One Dollar Period 1 2 3 4 5 5% 6% 7% 8% 9% 10% 12% 14% 16% 18% 20% 24% 28% 32% 36% 0990 0900 0.971 0.962 0.952 0.943 0935 0.926 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1970 1.912 1913 1886 1859 182 1808 1.783 1759 1.736 1690 1.647 1605 1.566 1.528 1.457 1.392 1.332 1276 2941 2.884 2.829 2.775 2723 2.673 2624 2.577 2.531 2.487 2.402 2.322 2246 2.174 2.106 1.981 1.868 1.766 1674 3902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.274 3.127 2991 2.745 2.532 2.345 2.181 6 7 8 5.795 5.601 5.417 5.2425.076 4.917 4.766 4.623 4.486 4.355 4.111 3.889 3685 3.498 3.326 3.020 2.759 2.534 2.399 6.728 6.472 6.230 6.0025.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 40393.812 3.605 3.242 2.937 2.678 2.455 7652 7.325 7020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4,639 4 344 4.078 3.837 3.421 3.076 2.786 2.540 8.566 8.162 7.786 7.435 7108 6.802 6.515 6.247 5.985 5.759 5.328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 9.471 8.983 8.530 8.111 7722 7.360 7024 6.710 6.418 6.145 5.6505.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 9 10 11 12 12 14 15 10.368 9.787 9.2538.760 8.306 7.8877499 7.139 6 805 6.495 5988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2683 11 255 10 575 0954 9.285 8863 384 7943 7536 7161 6.814 6.194 5.660 5.197 4.793 4.419 3851 3387 3012 2.708 12 134 11 348 10.625 996 979485348 358 7904 7487 7103 5424584253424910 45272 012 3427 3040 2727 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 778673676.628 6.002 5.468 5.008 4.611 3.962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.5598.060 7606 6811 6.142 5.575 5.092 4.675 4.001 3.4833.076 2.750 16 14 718 13.578 12 561 11.652 10 838 10 106 9.447 885182127824 59746.265 5.660 5162 47204007 501 ORS 2755 17 15 562 14792 12 166 12 166 11 274 10477 9763 9.1228544 3.00271206.373 5.749 5.222 477540S9 251830972763 13 16 298 14992 12754 12650 11 690 10 828 10.0599372 756 3.201 7.250 6.467 5 818 5.272 48124 ORO 3992104 2767 19 17226 15 578 14 224 12 124 12 OS 11 15 107696048950 83557366 6550 5877 5 315 2 40973529109 2270 20 1800 16 751 14 377 12 500 12 11 10 10 5049818 9.128 851474696623592953534370 410 152113 2772 25 22.023 19.523 17413 15.622 14 094 12.783 11 654 10 675 982390777843 6872 609254674948414725643.122 2.776 30 25.808 22937 19.600 17.292 15.373 13.765 12.409 11 258 10.274 9.427 8.055 7003 6.177 5517 4.9794.160 3.500 3.124 2.778