Use the information in problem 9 to create a table similar to Table 17.1 and value the lease. Is it the same value found in problem 9? It should be!

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Year Lease Cash Flows Saved cost of a new backhoe loader Lost CCA tax shield (calculated below) Lease payment Lease payment tax shield Cash flow of lease Tax Shield Calculation +100,000 8,925 3,061 6,248 1,500 5,250 - 4.373 2,143 -3,500 18,500 -18,500 - 18,500 -18,500 -18,500 -18,500 -18,500 + 6,475 82,725 + 6,475 + 6,475 - 16,398 + 6,475 - 15,086 + 6,475 + 6,475 + 6,475 14,168 -20,950 13,525 -3,500 -18,273 000'0OL 85,000 20,409 14,286 29,155 59.500 UCC 41,650 10,000 CCA (CCA rate = 30%)" 8,747 6,123 25.500 4,286 12,495 17,850 15,000 CCA tax shield (tax rate = 35%)* 8,925 6,248 4,373 5,250 3,061 1,500 2,143 3.500