Devon Corporation is trying to decide whether to lease or purchase a piece of equipment. The total cost to lease the equipment will be $158,000 over its estimated life, while the total cost to buy the equipment will be $123,200 over its estimated life. At Devon's required rate of refurn, the net present value. of the cost of leasing the equipment is $111,200 and the net present value of the cost of buying the equipment is $127,000. Based on financiar factors, Devon should: Multiple Choice lease the equipment, saving $34,800 over buying bury the equipment, saving $34,800 over leasing lease the equipmene, saving $15,800 over buying buy the equipment, saving $15,800 over leasing