Case Study: A small company in the food processing industry is undecided about renting or purchasing new equipment to modernize its production processes. The rent has an annual cost of $400,000. If the equipment is purchased, it would cost $1,200,000, and could be depreciated straight-line over its five-year useful life (i.e., depreciation at 20% annually) with no salvage value. The annual maintenance of the vehicle would amount to $100,000. In any case, the company's sales revenue would be $2,150,000 per year. For an analysis period of three years, an ISR rate of 50%, VAT of 16% and annual MARR of 15%. Note: Is the purchase financed with 50% of the value of the equipment, which will be paid in three equal annual fixed payments (Rent), with an annual interest rate of 20%? [7:36 a.m. m., 10/18/2023] JulioSaavedra: Determine the NPV AND VAE of the income option for a period of 3 years (20 points). For the purchase option (60 points): 2.1) Calculate the depreciation table and book value for a period of 3 years. 2.2) Calculate the fixed payment and amortization table for three years 2.3) Prepare the Net Cash Flow Projection (FNE) statement for a period of 3 years. 2.4) Determine the NPV, VAE and B/C for a period of years (optional IRR) 3) What is the best decision for this small business to make (10 points)