(Answered) Advantage of a lease given a discount rate

Finance

Problem: The cost of a seven-year lease is $150,000 per year and matches the exact cost of a loan to finance the purchase of equipment. All else equal, and given a usable life of seven years with no salvage value, what is the advantage of a lease given a discount rate of 7% and no taxes? Please show steps how you get an answer and please be clear in your explanation.

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