Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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