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Evaluation of Capital Investment Projects Involving Asset Leases
Kerry Cooper and Robert H. Strawser
Vol. 4, No. 1 (Spring, 1975), pp. 44-49
Stable URL: http://www.jstor.org/stable/3665470
Page Count: 6
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This article fills a gap in the spectrum of available capital budgeting tools for the evaluation of asset leases. An analytical technique is presented for the determination of the net present value and internal rate of return for proposed investments involving the leasing, rather than purchase, of some or all of required assets. This is not another "lease-versus-purchase" method, but rather a means of evaluating the profitability of the lease project itself.
Financial Management © 1975 Financial Management Association International