An After-Tax Equivalent Payment Approach to Conventional Lease Analysis

Messrs. Honig and Coley are Associates in the Chicago office of McKinsey & Company, Inc., a multinational general management consulting firm. Mr. Honig was formerly an Associate of the investment banking firm of Loeb, Rhoades & Co. and a Research Assistant in Finance at the Harvard Business School. Mr. Coley is experienced in the field of venture capital management and was graduated with distinction from the Harvard Business School.

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