Question: here is the direction of the assignment Assignment Exercise 23-1 Cost of Owning and Cost of Leasing (p. 570) Please complete the exercise in Excel




Assignment Exercise 23-1 Cost of Owning and Cost of Leasing (p. 570) Please complete the exercise in Excel using the template provided here . It provides step by step instructions for you to complete this week's assignment. The important thing is for you to understand the key financial concepts that go into the decision to lease vs buy. STEP 1 Cost of Owning- Anywhere Clinic - Comparative Present Value Present value cost of owning = INSERT ANSWER HERE (the sum of all the yellow boxes) STEP 2 Cost of Leasing-Anywhere Clinic - Comparative Present Value Present value cost of leasing = INSERT ANSWER HERE (the sum of all the yellow boxes) STEP 3 Determine the difference between the cost of owning and the cost of leasing at 10%. (cost of owning - cost of leasing) = INSERT ANSWER HERE At 10%, is it better to own or lease? INSERT ANSWER HERE STEP 4 Cot of Ownina Anvwhere Clinie - Comnarative Presant Value Present value cost of owning = INSERT ANSWER HERE (the sum of all the yellow boxes) STEP 5 Cost of Leasing- Anywhere Clinic - Comparative Present Value Present value cost of leasing = INSERT ANSWER HERE (the sum of all the yellow boxes) STEP 6 Determine the difference between the cost of owning and the cost of leasing at 6%. (cost of owning - cost of leasing) = INSERT ANSWER HERE At 6%, is it better to own or lease? INSERT ANSWER HERE STEP? Explain why your answers to Sicp 3 and Step 6 are different. Does this mean that your decision about whether to lease or buy is impacted by the interentidircount rate
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