ARC A. Module+Six+Case+Study (1).xlsx - Excel File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Aut Arial - 14 A 2 Wrap Text General E. Fill Cut Copy Format Painter Clipboard 1 Insert Delete Format Paste BIU - 9A A- Merge & Center - $ - % 0 00 .000 Conditional Format as Cell Formatting Table Styles Styles Clea Font Alignment Number Cells 023 fx B D E F G K 1 M H 1 Lease Versus Purchase Decision 2 3 Purchase Considerations Lease Considerations 4 Borrow $1.6 million at 10 percent Lease payments of $26,000 per month for 5 on declining balance 60 months (Includes Maintenance) 6 7 Depreciate stratight line over five years 8 9 Trade-in value of $130,000 at end of useful life 10 11 Maintenance expense of $12,000 per year 12 13 Revenues and labor and supply expenses are the same for both decisions and are not 14 included in the analysis 15 16 17 1. Using a present value table, compute the purchase versus lease amounts (Show your work) 18 19 20 21