A firm needs an asset that costs Rs 60,000. Interest rate on borrowing is 12%. Tax rate is 30%. Lease rental is Rs 24,000 annually. Find whether to lease or to buy the asset. A firm needs an asset...

A firm needs an asset that costs Rs 60,000. Interest rate on borrowing is 12%. Tax rate is 30%. Lease rental is Rs 24,000 annually. Find whether to lease or to buy the asset.

A firm needs an asset that costs Rs 60,000. Interest rate on borrowing is 12%. Tax rate is 30%. Discount rate is 10%. Lease rental is Rs 24,000 annually. Find whether to lease or to buy the asset.