1. (10 points) A company currently owns printing equipment that is deteriorating faster than expecte purchased 2 years ago for $60,000. The than exspected. The equipment was 10 more years. Fair market value for the 2-year-old printer is $42,000 printer is 12-years old. Operating and maintenance costs are (and are per year company currently plans to keep the equipment for and is estimated at $8,000 when the expected to be in the future) $12,000 The replacement option is to lease on a yearly basis. The annual lease cost is $9,000 with annual operating costs of S14,000. Should the company lease the equipment if the MARR-10%? Use a 10-year planning horizon and the annual worth measure of merit. Implement a before-tax cash flow analysis. Set up the cash flow from the outsider viewpoint. EOY Cash Flow (Defender) Cash Flow (Challenger) 0 2 4 7 10