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Claxon Compary owns a machine with a cost of $304,560 and accumulated depreciation of $66,700 that can be sold for $2,60,100, less a 6% sales commission. Alternatively, the machine can be leased by Claxon Company for three years for a total of $272,000, at the end of which there is no residual value In addition, the repair, insurance, and property tax expense that would be incurred by Claxoon Company on the machine would tolat 524,536 over the three years. Required: Refer to the Amount Descriptions fist provided for the exact wording of the answer choices for fext entres. For thase boxes in which you must enter subtracted or negative numbers use a minus sign if there is no amount or an amount is zero, enter 0 A colon () wall automaticaly apoear if required. 2. Should Claxan Company lesse (Altemative 1) or sell (AMterhative 2) the machine? and accumulated depreciation of $66,700 that can flaxon Company for three years for a total of \$272, xpense that would be incurred by Claxon Company Whether Claxon Company should lease (Alternative the exact wording of the answer choices for text entr sign. If there is no amount or an amount is zero, ent ell (Aliernative 2) the machine? Amount Descrptions list provided for the exact wording of the answer choices for fext entries for thase boxes in which you must einter zinhtracted or negative numbers use a minus sign. If there is no amount or an amount is zero, enter tor A colon (I) war automaticaly appear if required Should Claxon Company lease (Alternative 1) or sell (Alternative 2) the machine? Sell the machine The company is indifferent since the result is the same regardless of which alternative is chosen. Lease the machine