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Dallas Corp. Is trying to decide whether to lease or purchase a piece of equipment needed for the next five years. The equipment would cost

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Dallas Corp. Is trying to decide whether to lease or purchase a piece of equipment needed for the next five years. The equipment would cost $100,000 to purchase, and maintenance costs would be $10,000 per yea Ater five years, Dalas estimates it could sell the equipment for $30,000. rDalas leased the equipment, it would pay a set annual fee thet would include all martenance costs. Dallas hasdo er i ed after a net present value analysis that at its hurdle ate of 12% t would be better om b y S 100 t leases the ea ap t. What would the approximate annual cost be if Dallas were to lease the equipment? (Future Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annulity of S11 (Use appropriate factor from the PV tables. Do not round intermediate calculations. Round your final answer to the nearest hundred) O $34.700 O $30.000 O $21,800 O $27800

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