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A firm can lease a truck for 4 years at a cost of 530,000 annually. Alternately, it can purchate the truck for $80,000 with an

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A firm can lease a truck for 4 years at a cost of 530,000 annually. Alternately, it can purchate the truck for $80,000 with an estimated annual maintenanee cost of 510,000 . The truck can be sold at the end of the 4 years for $20,000. Which is the better option if the discount rate is 20% ? Show your calculations

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