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 9%,and its tax rate is 30%,what is the NPV of leasing versus borrowing?
A) $156,032
B) $175,382
C) $308,968
D) -$363,441
E) $289,618
Correct Answer:

Verified
Correct Answer:
Verified
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