3. You could also buy the oven, rather than leasing it. The oven would cost $15,000 initially, plus an estimated annual maintenance cost of $700. It would generate the same $5000 annual savings as would the leased option. The oven is expected to have a salvage value of $2000 at the end of its seven year lifespan. Is this a better deal than leasing? Answer in terms of cashflow equivalency/NPV. 3. You could also buy the oven, rather than leasing it. The oven would cost $15,000 initially, plus an estimated annual maintenance cost of $700. It would generate the same $5000 annual savings as would the leased option. The oven is expected to have a salvage value of $2000 at the end of its seven year lifespan. Is this a better deal than leasing? Answer in terms of cashflow equivalency/NPV