Financing costs and npv

Hello, I have a problem with understanding.
I’m a supervisor over financial managers, who preparing an NPV calculation.
One project, which financed mostly by finance lease (or credit, not important). They don’t determine an initial outlay, because its leasing, and its bank’s money, not our own. Additionally, they added lease payment to cash flows (body of debt + interests).
As I understood, that in NPV calculation we should exclude financing costs. In my opinion, its lease interests. But we pay a monthly body of debt, and how about initial outlay?

You could easily unlever the NPV by removing the lease payments from the cash flows and adding the cost of the equipment to the upfront cost. If there is any salvage value of the equipment you would need to add those cash flows as well.

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