A car dealer leases a small computer with softwarefor
Chapter , Problem 9-45(choose chapter or problem)
A car dealer leases a small computer with softwarefor $5000 per year. As an alternative he could buythe computer for $7000 and lease the software for$3500 per year. Any time he would decide to switchto some other computer system he could cancel thesoftware lease and sell the computer for $500. If hebuys the computer and leases the software,(a)What is the payback period?(b)If he keptthe computerand software for 6 years,what would be the benefitcost ratio, based ona 10% interest rate?
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