Cubist Etc. is trying to decide whether they should purchase or lease gallery space. It will cost $$1,750,000$ to purchase an old warehouse in the Pearl district and $$100,000$ per year to maintain the location for the next ten years. A local real estate firm has offered to lease$$CE another gallery space in the Pearl for $$360,000$ per year for eight years. Lease payments include all maintenance. CE$$s discount rate is nine percent. All payments are at the beginning of each period. Which alternative should$$CE choose and why?