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A pet delivery service is considering leasing pet grooming equipment with two available options: pay $ 1 5 0 monthly for 3 years or a

A pet delivery service is considering leasing pet grooming equipment with two available options: pay $150 monthly for 3 years or a single upfront payment of $5,400 for the same period. If the company's cost of capital is 5%, which would the pet delivery service prefer?

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