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Your Firm Is Considering Leasing a New Robotic Milling Control

question 12

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Your firm is considering leasing a new robotic milling control system. The lease lasts for 5 years. The lease calls for 6 payments of $300,000 per year with the first payment occurring at lease inception. The system would cost $1,050,000 to buy and would be straight-line depreciated to a zero salvage value. The actual salvage value is zero. The firm can borrow at 8%,and the corporate tax rate is 34%. What is the NPV of the lease?


Definitions:

Net Price

The final price after all discounts, rebates, and incentives have been subtracted from the list price.

Complement Method

A mathematical technique often used in digital computation to simplify subtraction, by working with the complement of numbers.

Trade Discounts

Reductions in price given by sellers to buyers in the commercial transactions, typically based on volume or frequency of orders.

Net Price

The final price after all discounts, rebates, and deductions have been applied, but before taxes and additional fees.

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