How much the annual lease payments will be

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Reference no: EM132032554

Auto Manufacturing Company plans to lease to the Mississippi Tractor Corporation a tractor-trailer for $400,000 for 15 years. If Auto Manufacturing wants to earn 10% on its investment, find (1) how much the annual lease payments will be; (2) how much the lease payments would be if Auto Manufacturing can pass along to Michigan Sales an immediate tax credit of $40,000.

Reference no: EM132032554

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