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Use the Table for the Question(s)below

Question 4

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Use the table for the question(s) below.
Danby Construction is considering leasing a new crane for the next 5 years.Danby has created the following table of cash flows to help with the decision:
Use the table for the question(s) below. Danby Construction is considering leasing a new crane for the next 5 years.Danby has created the following table of cash flows to help with the decision:    -If Danby's borrowing cost is 7%,and its tax rate is 35%,what is the amount of the lease-equivalent loan for the crane? A) $96,747 B) $369,671 C) $348,253 D) -$363,441 E) $75,329
-If Danby's borrowing cost is 7%,and its tax rate is 35%,what is the amount of the lease-equivalent loan for the crane?


A) $96,747
B) $369,671
C) $348,253
D) -$363,441
E) $75,329

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