Dallas Corporation is trying to decide whether to lease or purchase a piece of equipment needed for the next $5$ years. The equipment would cost $$125,000$ to purchase, and maintenance costs would be $$35,000$ per year. After $5$ years, Dallas estimates it could sell the equipment for $$55,000.$ If Dallas leased the equipment, it would pay a set annual fee that would include all maintenance costs. Dallas has determined after a net present value analysis that at its cost of capital of $12\%$ it would be better off by $$39,000$ if it leases the equipment. What would the approximate annual cost be if Dallas were to lease the equipment? $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1)$

Note: $($Use the appropriate factors from the PV tables.$)$

Multiple Choice

$$50,200$

$$34,800$

$$27,300$

$$43,400$