A company is considering the purchase of a new crusher with added safety equipment. The equipment will be used for five years, and'it has a net present value of $20,000 (expense). Alternatively, the company could obtain the same crusher services for $6,000 per year from a local contractor. In order to minimize the annual cost, should the company purchase the equipment or hire the contractor? Assume a discount rate of 8% The company should purchase the crusher. The company should hire the contractor. Both options are equivalent. The problem cannot be solved with the given information