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Dallos Corporation is trying to decide whether to lease or purchase a piece of equipment needed for the next 5 years. The equipment would cost

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Dallos Corporation is trying to decide whether to lease or purchase a piece of equipment needed for the next 5 years. The equipment would cost $130,000 to purchase, and maintenance costs would be $40,000 per year. After 5 years, Dallos estimetes it could sell the equipment for $60,000 ir 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 $44,000 if it leases the equipment. What would the approximate annual cost be if Dallas were to lease the equipment? (Future Value of $1. Present Volue of $1, Future Value Annuity of 51 , Present Value Annuity of 50 Note: (Use the appropriate factors from the PV tables.) Multiple Cholce 520300 $36,100 554.400 $45100

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