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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

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

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