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Lease Evaluation: Another Capital Budgeting Decision

William L. Sartoris and Ronda S. Paul
Financial Management
Vol. 2, No. 2 (Summer, 1973), pp. 46-52
Published by: Wiley on behalf of the Financial Management Association International
Stable URL: http://www.jstor.org/stable/3665482
Page Count: 7
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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.
Lease Evaluation: Another Capital Budgeting Decision
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Abstract

The major differences between the lease-or-borrow and lease-or-buy methods of lease analysis are discussed and conclusions are illustrated by a simple numerical example. The lease-or-borrow model is extended within the normative model of capital budgeting to allow for an independent evaluation of the net present value of the lease.

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