Astro Company owns equipment with a cost of $362,900 and accumulated depreciation of $55,100 that can be sold for $274,600, less a 4% sales commission. Alternatively, Astro Company can lease the equipment for three years for a total of $288,100, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Astro Company on the equipment would total $15,600 over the three year lease. a. Prepare a differential analysis on February 18, as to whether Astro Company should lease (Alternative 1) or sell (Alternative 2) the equipment.

Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.