Provide full calculations and explanations for all questions. Please do not use excel to answer.

Chapter 22 03] 1'I"ou are the Chief Financial Officer {CFO} of Toyota Motor Corporation. You are trying to decide whether to lease or buy a newr production equipment. Your calculations show that acquisition of the system will have a positive MPH. The system costs $1,350,031] and qualies for a 25% CCA rate. The equipment will have a $2ti5,l} salvage value in 5 years. Toyota Motor Corporation's tax rate is 35%, and the rm can honow at 6%. Chicago Leasing Company has offered to lease the drilling equipment to Toyota Motor Corporation for payments of $3D, per year. Chicago's policy is to require its lessees to make payments at the start of the year. Based on the given information, what is the NHL for Toyota Motor Corporation? {3 Points}