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Evaluation of Capital Investment Projects Involving Asset Leases

Kerry Cooper and Robert H. Strawser
Financial Management
Vol. 4, No. 1 (Spring, 1975), pp. 44-49
Published by: Wiley on behalf of the Financial Management Association International
Stable URL: http://www.jstor.org/stable/3665470
Page Count: 6
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Evaluation of Capital Investment Projects Involving Asset Leases
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Abstract

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.

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