Question: Consider the example in this deck with the following criteria: -Cost of Equipment: $1M -Annual Maintenance: $20K -Residual Value at Y4: $200K -Term of the

Consider the example in this deck with the following criteria:

-Cost of Equipment:$1M

-Annual Maintenance:$20K

-Residual Value at Y4:$200K

-Term of the Lease Agreement: 4 years

-Discount Rate:6%

-CCA Depreciation Rate:30% of remaining amount annually

Assume that the lease amount is fixed over four years, determine the minimum lease amount that the lessor should accept.

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