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Suppose that National Waferonics has before it a proposal for a four-year financial lease. Year...

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Suppose that National Waferonics has before it a proposal for a four-year financial lease. Year e Year 1 Year 2 Year 3 Lease cash flow +62,500 -28, 100 -23,500 -18,900 These flows reflect the cost of the machine, depreciation tax shields, and the after-tax lease payments. Ignore salvage value. Assume the firm could borrow at 14% and faces a 21% marginal tax rate. a. What is the value of the equivalent loan? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the equivalent loan b. What is the value of the lease? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the lease

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