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Lease Evaluation: Another Capital Budgeting Decision
William L. Sartoris and Ronda S. Paul
Vol. 2, No. 2 (Summer, 1973), pp. 46-52
Stable URL: http://www.jstor.org/stable/3665482
Page Count: 7
You can always find the topics here!Topics: Leases, Taxes, Capital costs, Tax payments, Net present value, Cash flow, Net income, Equity, Capital structure, Finance leases
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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.
Financial Management © 1973 Financial Management Association International