Computational Your landscaping company can lease a truck for $7,100 a year for 7 years. It can Instead buy the truck for $38,000. The truck will be valueless after 7 years. a. What is the present value of the lease payments, if the opportunity cost of capital is 8%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Is it cheaper to buy or lease? Lease Buy