1. Your landscaping company can lease a truck for $16,000 a year (paid at year-end) for 5 years. It can instead buy the truck for $80,000. The value of the truck will be $12,000 after 5 years. The interest rate your company can earn on its funds is 4%. What is the present value of the cost of leasing? b. What is the present value of the cost of purchasing (assuming the truck will be sold at the end of 5th year.) Is it cheaper to buy or lease? a. C