Financial Modelling (FNC 488) Value Corp (ABC) is considering leasing an asset from Tintin Corp (XYZ). Here are the relevant facts: Asset Cost is $1,000,000 Depreciation schedule 20% Year 1 year 2 Year 3 Year 4 Year 5 Year 6 32% 19.20% 11.52% 11.52% 5.76% Lease term 6 years $200,000 per year, from time 0 to 5 Lease payment Asset residual value 30,000 Tax rates Value Corp Tintin Corp 5% 40% Value Corp's interest costs are 10% and Tintin's are 7%. a. Should Value Corp lease or purchase the asset (Answer this question with IRR and NAL)? b. Should Tinin Corp purchase the Asset and Lease it to Value Corp (Answer this question with IRR and NAL)?? c. What is the maximum lease payment Value Corp will agree to pay? d. What is the minimum lease payment the Tintin will accept as lease payment? e. Will a leasing arrangement be reached between the lessee and lessor? Explain