6. Determine whether it is better to lease or purchase the following laboratory equipment and what is the difference in cost? Purchase: Borrow $1.5 million at 10% - Straight line depreciation over 3 years . Trade in value of $150,000 Maintenance cost of $14,000 per year Lease: Lease payments of $55,000 per month 36 month lease term. Includes maintenance. Should the hospital lease or buy