The following questions are not related.
a. Why do you think corporations prefer operating leases over capital leases? How do you think a shareholder would view an operating lease?
b. If you were to win $3,000,000 from Lotto 649, you would receive the $3,000,000 today, whereas if you were to win $3,000,000 in one of the U.S. lotteries, you would receive 20 annual payments of $150,000. Are the prizes equivalent? If not, why not?