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A firm can lease a truck for 4 years at a cost of $41,000 annually. It can instead buy a truck at a cost of

A firm can lease a truck for 4 years at a cost of $41,000 annually. It can instead buy a truck at a cost of $91,000, with annual maintenance expenses of $21,000. The truck will be sold at the end of 4 years for $31,000. a. Calculate present value if the discount rate is 10%

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