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Determine the present value of the renting option (rounded to the nearest dollar). Determine the present value of the buying option (rounded to the nearest

  1. Determine the present value of the renting option (rounded to the nearest dollar).
  2. Determine the present value of the buying option (rounded to the nearest dollar).
  3. Based your calculation, which option is preferred? Any other considerations you think should be considered in the real world?

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