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An asset has a purchase price of $95,000, CCA rate of 29%, maintenance is $500...

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An asset has a purchase price of $95,000, CCA rate of 29%, maintenance is $500 at the end of each year, and expected salvage value is $0 at the end of its useful life in 5 years. The lessee pays no taxes, and the cost of debt is 12%. What is the maximum lease payment due at the beginning of each year acceptable to the lessee? Your Answer: Answer units An asset has a purchase price of $95,000, CCA rate of 29%, maintenance is $500 at the end of each year, and expected salvage value is $0 at the end of its useful life in 5 years. The lessee pays no taxes, and the cost of debt is 12%. What is the maximum lease payment due at the beginning of each year acceptable to the lessee? Your Answer: Answer units

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