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A company is deciding whether to lease or buy new equipment that can be purchased for $33,000. If purchased, the equipment will need to be

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A company is deciding whether to lease or buy new equipment that can be purchased for $33,000. If purchased, the equipment will need to be serviced at the end of each year. Consider the following information: . PVCCATS = $10,000 PV of Lease Payments Before-Tax = $39,000 PV of Salvage Value = $6,000 PV of Lease Payments Tax Shield = $18,000 PV of Annual Service Costs After-tax = $4,000 Based on the above information, what is the present value of buying? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.) Numeric Response

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