How much should the minimum annual lease payments be

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Question - If a firm can buy a machine for $125000, takes an investment tax credit of 30%, and lease out the machine for 9 years with lease payments at the beginning of the year. How much should the minimum annual lease payments be? Assume a 5-year straight-line depreciation, zero salvage and a tax rate of 25%. Assume further that it can borrow at a before tax rate of 7%.

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