Assume that a company is choosing between two alternatives-lease a piece of equipment for five years or buy a piece of equipment and sell it in five years. The costs associated with the two alternatives are summarized as follows: Buy Purchase cost of equipment $ 60,000 $ 6,000 Annual operating costs. Immediate deposit $ 25,000 Annual lease payments $ 15,000 Salvage value 15 years from now! $ 10,000 Click here to view Exhibit 14B-1 and Exhibit 143-2, to determine the appropriate discount factors using the tables provided. If the company chooses the lease option, it will have to pay an immediate deposit of $25,000 to cover any future damages to the equipment. The deposit is refundable at the end of the lease term. The annual lease payments are made at the end of each year. Assuming a discount rate of 20%, what is the net present value of the cash flows associated with buying the equipment? Mutiple Choice $ 69,926 $75,926) 573.925) 571,926