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Question: You can buy a steam press for your business at $5,000 or lease one for 6 months at $1,200 per month, with the first payment due today. The cost of capital is 8% per month and the tax rate is 15%. Should you lease or buy? What is the NAL? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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