Efren is considering buying some new equipment for his restaurant for $30,000. However, the restaurant supply store says they also lease equipment. The supply store will offer him a five-year lease with no down payment, four annual lease payments of $6,000 per year, and a final payment of $10,000. If Efren’s cost of capital is 8%, should he select the lease or purchase option? If there is a salvage value of $1,000 if he buys the equipment but no salvage value with the lease option, will his decision change?