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What is the quarterly lease payment

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Reference no: EM132830522

Problem 1: Bizer Corporation is considering leasing a machine to a client for five years. The machine sells for $150,000 cash. The incremental borrowing rate is 8%. The implicit rate is unknown. Payments are quarterly and start at the commencement of the lease. What is the quarterly lease payment? Show your work.

Reference no: EM132830522

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