Assume you can lease an item you need for a project for GH950/day. To purchase the item, the cost is GH13,000 plus a daily operational cost of GH 300/day.

1. How long will it take for the purchase cost to be the same as the lease cost? (3 Marks)

1. Critically discuss the appropriate make or buy decisions to be made in case the item will be used for;
2. At most 15 days
3. More 15 days but not exceeding 20 days
4. At least 20 days