What is the return that firm x earns on the lease

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Firm X buys equipment for $7,000 and leases the equipment to firm A for $600 a year for eight years. After eight years, firm X expects to sell the asset for $8,000. What is the return that firm X earns on the lease? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.

Reference no: EM132775981

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