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5. Deutsche Transport can lease a truck for four years at a cost of 42,000 annually. It can instead buy a truck at a cost
5. Deutsche Transport can lease a truck for four years at a cost of 42,000 annually. It can instead buy a truck at a cost of 92,000, with annual maintenance expenses of 22,000. The truck will be sold at the end of four years for 26,500. Ignore taxes. a) What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 12%? b) Which is the better option: leasing or buying
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