Big Sky Mining Company must install 31.5 miston of new machinery in its Nevada mine. It can obtain a bank loan for loow of the purchase price, or it can lease the machinery. Assume that the following facts applyz 1. The machinery fals into the Macrs 3-year class. (The depreciation rates for year 1 throogh Year 4 are equal to 0.3333,0.4445,0.1491, and 0.0741. 2. Under either the lease or the purchase, Big Siky must pay for insurance, property taxes, and maintenance. 3. The firm's tax rate is 25%. 4. The loan would hove an interest rate of 105 . it would be nonamortizing. wath only interest paid at the end of each year for four years and the principal repaid at Year 4 . 5. The lease terms call for 5410,000 payments at the end of each of the nevt 4 years. 6. Big Sky Mining has no use for the machine beyend the expiration of the lease, and the machine has an estimated residual value of s2so,000 at the end of the 4th year. a. What is the cost of owning? Enter your answer as a positive value. Do not round intermediate calculations. White out your answer completely. Far example, 5 malkion shoula be entered as 5.000.000. Round your answer to the nearest doliar. s b. What is the cost of inasing? Enter your answer as a positive value, Do not round intermediate calculations. Write out your answer completely For example, 5 mition should be entered as 5.000,000. Round your arswer to the nearest dollar. 5 c. What is the fas. of the lease? Do not round intermediate calculations. Write out your answer completely, for example, 5 million should be entered as 5 , 000,000, Round your answer to the nearest dolloe