Calculate the minimum lease payment

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Real estate, Inc., has purchased a building for $1 million. the economic life of the building is 30 years and it will be fully depreciated over the 30 years using the straight-line depreciation method. the discount rate is 14% and the coporate tax rate is 35%. assume there is no inflation. what is the minimum lease payment the company should ask for? assume that the lease payment is due immediately.

Reference no: EM1355693

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