35 You are trying to decide whether to buy or lease a new machine. The machine costs $700,000 1) You can buy it, borrowing money from the bank. If you borrow from the bank, the interest rate will be 10% You can also 2) lease it for five years, $10,000 down and five annual payments of 5179,000. At the end of the 5 year you can buy the equipment for $5,000 3) Lease it for seven years, $20,000 down and seven payments of $133,300 After making the last payment, you may purchase the equipment for $50,000. What should you do