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A firm can lease a truck for 4 years at a cost of $35,000 annually. It can instead buy a truck at a cost of

A firm can lease a truck for 4 years at a cost of $35,000 annually. It can instead buy a truck at a cost of $85,000, with annual maintenance expenses of $15,000. The truck will be sold at the end of 4 years for $25,000.

a.	Calculate present value if the discount rate is 12%?

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