Differential Analysis$$for a Lease or Buy DecisionLaredo Corporation is considering new equipment. The equipment

can be purchased from an overseas supplier for $$3,180.$ The freight

and installation costs for the equipment are $$640.$ If purchased,

annual repairs and maintenance are estimated to be $$430$ per year

over the four$-$year useful life of the equipment. Alternatively,

Laredo Corporation can lease the equipment from a domestic supplier

for $$1,540$ per year for four years, with no additional costs.Prepare a differential analysis dated March $15$ to determine

whether Laredo Corporation should lease $($Alternative $1)$ or purchase

$($Alternative $2)$ the equipment. $($Hint:$$This is a

$$lease or$$buy$$ decision, which must be analyzed from

the perspective of the equipment user, as opposed to the equipment

owner.$)$ If an amount is zero, enter $"0".$Determine whether Laredo should lease $($Alternative $1)$ or buy

$($Alternative $2)$ the equipment.Lease the equipmentBuy the equipment$$