Deutsche Transport can lease a truck for four years at a cost of 49,000 annually. It can instead buy a truck at a cost of 99,000, with annual maintenance expenses of 29,000. The truck will be sold at the end of four years for 30,000. Ignore taxes. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 12%?

Which is the better option: leasing or buying?