Lease payments in Advance Time Initial A-tax DTS NCF DCF Present Period Cost LP Foregone (@7%)aue Avoided 0180000-35000 145000 145000 35000-13500-485000935-45348 -35000-13500-485000.87342341 -35000-13500-485000816-39576 13500-135000.763-10301 NPV s7434 Conclusion: NPv>0.lease. The naL is s7434Lease Payments in Advance Time Period Initial Cost Avoided A-tax LP DTS Foregone NCF DCF (@ 7%) Present Value 0 180 000 -35 000 145 000 1 145 000 1 -35 000 -13 500 -48 500 0.935 -45 348 2 -35 000 -13 500 -48 500 0.873 -42 341 3 -35 000 -13 500 -48 500 0.816 -39 576 4 -13 500 -13 500 0.763 -10 301 NPV = $7 434 Conclusion: NPV > 0, lease. The NAL is $7 434