Thn

Loan
installment
interest
depr
tax saving
cash flow
leasing
lease exp
tax saving
cash flow
lease vs loan
loan vs lease
disc factor
PV lease vs loan
PV loan vs lease

0
100

-25
-25

1
80
-20
-10
-20
7.5
-22.5

2
60
-20
-8
-20
7
-21

3
40
-20
-6
-20
6.5
-19.5

-25
6.25
-18.75

-25
6.25
-18.75

-25
6.25
-18.75

-25
3.75
2.25
0.75
25
-3.75
-2.25
-0.75
1
0.930
0.865
0.805
-25 3.488372 1.946998 0.60372
25 -3.488372 -1.946998 -0.60372

4
20
-20
-4
-20
6
-18

5
0
-20
-2
-20
5.5
-16.5

-25
6.25
-18.75

6.25
6.25

-0.75
22.75
0.75
-22.75
0.749
0.697
-0.5616 15.84671 -3.675801
0.5616 -15.84671 3.675801