Lesters lobsters is in the 40-percent tax bracket assuming, Ask an Expert

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Lester's Lobsters is in the 40-percent tax bracket. Assuming no purchase option exists and lease payments are made at the beginning of each year, what is the yearly after-tax cash outflow for a leasing contract with an annual payment of $50,000 and a term of 5 years? a. $50,000 b. $30,000 c. $20,000 d. none of the above

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Financial Management, Finance

Category:- Financial Management
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