19-02 *CLEARLY SHOW ANSWER - WILL UPVOTE CORRECT RESPONSE AS I CAN GRADE QUESTION IMMEDIATELY*...
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19-02 *CLEARLY SHOW ANSWER - WILL UPVOTE CORRECT RESPONSE AS I CAN GRADE QUESTION IMMEDIATELY* 
Comey Products has decided to acquire some new equipment having a $160,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm borrow at 11% rate and pays a 25 federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that should use when comparing purchasing to leasing and has hired you to answer this question. What is the correct answer to Comey's question? (Het Use the shortcut method to find the after-tax cost of the loan payments) Do not round intermediate calculations. Round your answer to the nearest dollar Grade it Now Save & Continue
19-02 *CLEARLY SHOW ANSWER - WILL UPVOTE CORRECT RESPONSE AS I CAN GRADE QUESTION IMMEDIATELY*
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