Assume that Reynoids tax rate is 40% and the equipments depreciation would be $100 per yr. If the company leased the asset on a 2-year lease, the...

Assume that Reynoids tax rate is 40% and the equipments depreciation would be $100 per yr. If the company leased the asset on a 2-year lease, the payment would be $110 at the beginning of each year. If Reynolds borrowed and bought the bank would charge 10% interest on the loan. The piece of equipment is $200. In either case the equipment is worth nothing after 2 yrs and will be discarded, Should Reynolds lease or buy the equipment?Question two will have an attached spreadsheet to be completed