3. Mowbot Company is evaluating the production of a new part. It would require the acquisition of a special machine costing $120,000. The machine would be used for five years then sold for $40,000. Mowbot's MARR is 15%. In addition to the sales quotation, the sales representative has quoted a five year lease for $25,000 per year, with the first year's payment due on delivery. Based on pretax analysis, should Mowbot choose leasing or buying? The lathe is expected to result in net benefits (income in excess of costs) of $35,000 per year. Based on the choice of leasing or buying from above, should Mowbot acquire the lathe