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A firm can lease a truck for 4 years at a cost of $43,000 annually. It can instead buy a truck at a cost of
A firm can lease a truck for 4 years at a cost of $43,000 annually. It can instead buy a truck at a cost of $93,000, with annual maintenance expenses of $23,000. The truck will be sold at the end of 4 years for $33,000. Calculate present value if the discount rate is 10% PV of a Buy = PV of a Lease= Thanks so much
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