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A company may obtain a copying machine either by leasing it for 4 years at an annual cost of $1000 or by purchasing the machine

A company may obtain a copying machine either by leasing it for 4 years at an annual cost of $1000 or by purchasing the machine for $3000. which alternative is preferable if the company can invest money at 5% per annum? what if it can invest at 7% annum?

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