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Use the Table for the Question(s)below

Question 9

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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 9%,and its tax rate is 30%,what is the amount of the lease-equivalent loan for the crane? A) $156,032 B) $175,382 C) $308,968 D) -$363,441 E) $289,618
-If Danby's borrowing cost is 9%,and its tax rate is 30%,what is the amount of the lease-equivalent loan for the crane?


A) $156,032
B) $175,382
C) $308,968
D) -$363,441
E) $289,618

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