Assume a company has equipment with a book value of $$70,000.$ The Company can sell the

equipment through a broker for $$100,000$ less a $20\%$ commission fee. Alternatively, the Company

could lease the equipment for $$130,000.$ At the end of the lease term, the equipment is expected

to have no residual value $($book value of $$0).$ If the equipment is leased, the Company will incur

estimated total expenses of $$45,000$ for maintenance, insurance and taxes. Should the company

lease or sell and why?