a Emerson Corp. is trying to decide whether to lease or purchase a piece of equipment needed for the next two years. The would cost $509,000 to purchase, and maintenance costs would be $21800 per you the five you the equipment for $100,800. If Emerson leases the equipment, it would pay $150,000 each year, which would no costs. Emerson's hurdle rate is 13%. (Future Value of $1. Present Volveot 1. Byture. $1.) (Use appropriate factor from the PV tables.) a. What is the net present value of the cost of purchasing the equipment? (Pound your transwer to be sent Net Present Value b. What is the net present value of the cost of leasing the equipment? (Round your final answer to the nearest daler out) Net Present Value c. Based on financial factors, should Emerson purchase or lease the equipment? O Lease O Purchase Next >