A firm can lease a truck for $4$ years at a cost of $$34,000$ annually. It can instead buy a truck at a cost of $$84,000,$ with annual

maintenance expenses of $$14,000.$ The truck will be sold at the end of $4$ years for $$24,000.$

a$.$ What is the equivalent annual cost of buying and maintaining the truck if the discount rate is $14\%?$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Equivalent annual cost

b$.$ Which is the better option?

Lease

Buy