Cost of owning and cost of leasing tables are reproduced below.Using the appropriate table from the Chapter $12$ Appendix, record the present value factor at $10\%$ for each year and compute the present value cost of owning and the present value of leasing. Which alternative is more desirable at this interest rate? Do you think your answer would change if the interest rate were six percent instead of ten percent?Cost of Owning$-$ Anywhere Clinic $-$ Comparative Present ValueFor$-$Profit Cost of Owning: Year $0$ Year $1$ Year $2$ Year $3$ Year $4$ Year $5$

Net Cash Flow $(48,750)2,5002,5002,5002,5005,000$

Present value factor

Present value answers $=$

Present value cost of owning $=$ Cost of Leasing$-$ Anywhere Clinic $-$ Comparative Present ValueFor$-$

Profit Cost of Leasing: Year $0$ Year $1$ Year $2$ Year $3$ Year $4$ Year $5$

Net Cash Flow $(8,250)(8,250)(8,250)(8,250)(8,250)---$

Present value factor $---$

Present value answers $=$

Present value cost of leasing $=$