2024 – Sutton Corporation which has a zero tax rate due to tax loss carry forwards is considering a 5 year
Sutton Corporation, Which Has A Zero Tax Rate Due To Tax Loss Carry-forwards, – 2024
Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a 5-
year, $6,000,000 bank loan to finance service equipment. The loan has an interest rate of 10%
and would be amortized over 5 years, with 5 end-of-year payments. Sutton can also lease the
equipment for 5 end-of-year payments of $1,790,000 each. How much larger or smaller is the
bank loan payment than the lease payment? Note: Subtract the loan payment from the lease
payment.
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