Question 5 4 pts Acme Industries, Inc. can lease $47,000 of equipment for $10,000 per year...

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Question 5 4 pts Acme Industries, Inc. can lease $47,000 of equipment for $10,000 per year for five years. If purchased, the equipment would be depreciated over its 5-year life and then have a resale value of $6,000. The firm uses straight-line depreciation, borrows at 7 percent, and has a tax rate of 21 percent. What is the net advantage to leasing? $1,421 $1,115 $1,248 $792 $929 Question 5 4 pts Acme Industries, Inc. can lease $47,000 of equipment for $10,000 per year for five years. If purchased, the equipment would be depreciated over its 5-year life and then have a resale value of $6,000. The firm uses straight-line depreciation, borrows at 7 percent, and has a tax rate of 21 percent. What is the net advantage to leasing? $1,421 $1,115 $1,248 $792 $929