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Deutsche Transport can lease a truck for four years at a cost of 48,000 annually. It can instead buy a truck at a cost of

Deutsche Transport can lease a truck for four years at a cost of 48,000 annually. It can instead buy a truck at a cost of 98,000, with annual maintenance expenses of 28,000. The truck will be sold at the end of four years for 29,500. Ignore taxes. a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10%. ( Do not round intermediate calculations. Enter your answer in Euro. Round your answer to the nearest whole number) b. Which is the better option: leasing or buying

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