Suppose Procter and Gamble? (P&G) is considering purchasing $ 17 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 $ 1.75 million per year.? Alternatively, it can lease the equipment for??$ 3.8 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 6.0 %. 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 ratelong dashthat ?is, what lease amount could? P&G pay each year and be indifferent between leasing and financing a? purchase?