Kooky Cola has just completed a NPV calculation on an investment in a new plastic moulding machine to make pop bottles. The NPV calculation was a negative (11,000). Kooky first rejected the investment proposal because it has a negative NPV, but, a member of LC's Business Finance class explained to them the need to calculate NAL The machine would cost 175.000 and have a CCA rate of 20% and a salvage value at the end of 5 years of $10,000. The lease payments are $40.000 a year for 5 years and each payment would occur at the beginning of each year. Should Kooky Cola rent the pop machine if the firm's before-tax cost of debt is 15%, the firm's tax rate is 40%. The next 4 questions ask specifics about the above situation. What is the present value of the cost of leasing? . 155.172 169.178 143,351 101.754