某公司财务管理及财务知识分析.pptVIP

Preferred stock Leasing Warrants Convertibles Recent innovations;Leasing;Capital leases are different from operating leases: Capital leases do not provide for maintenance service. Capital leases are not cancelable. Capital leases are fully amortized.;Analysis: Lease vs. Borrow-and-Buy;Maintenance of $25,000/year, payable at beginning of each year. Residual value in Year 4 of $125,000. 4-year lease includes maintenance. Lease payment is $340,000/year, payable at beginning of each year.;Depreciation Schedule;In a lease analysis, what discount rate should cash flows be discounted at?;Cost of Own