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Deutsche Transport can lease a truck for four years at a cost of 38,000 annually. It can instead buy a truck at a cost of

image text in transcribed Deutsche Transport can lease a truck for four years at a cost of 38,000 annually. It can instead buy a truck at a cost of 88,000, with annual maintenance expenses of 18,000. The truck will be sold at the end of four years for 24,500. Ignore taxes. a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 12% ? Note: Do not round intermediate calculations. Enter your answer in euros. Round your answer to the nearest whole number. b. Which is the better option: leasing or buying

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