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Suppose Procter and Gamble (P&G) is considering purchasing $20 million in new manufacturing equipment. If it purchases the equipment, it will depreciate it on a straight-line basis over the five years, after which the equipment will be worthless. It will also be responsible for maintenance expenses of $1.00 million per year. Alternatively, it can lease the equipment for $4.6 million per year for the five years, in which case the lessor will provide necessary maintenance. Assume P\&G?s tax rate is 35% and its borrowing cost is 7.0%. a. What is the NPV associated with leasing the equipment versus financing it with the lease equivalent loan? b. What is the break-even lease rate-that is, what lease amount could P\&G pay each year and be indifferent between leasing and financing a purchase? a. What is the NPV associated with leasing the equipment versus financing it with the lease equivalent loan? The NPV is milion. (Round to two decimal places.) (Select from the drop-down menu.) Under these assumptions, leasing is (1) . attractive than financing a purchase of the equipment. b. What is the break-even lease rate-that is, what lease amount could P\&G pay each year and be indifferent between leasing and financing a purchase? The break-even lease rate is S million. (Round to two decimal places.) (1) less more