Differential Analysis for a Lease-or-Buy Decision D'Amato Corporation is considering new equipment. The equipment can be purchased from an overseas suppller for $315,000. The freight and Installation costs for the equipment are $15,000. If purchased, annual repairs and maintenance are estimated to be $12,000 per year over the four-year useful life of the equipment. Alternatively, D'Amato can lease the equipment from a domestic supplier for $95,000 per year for four years, with no additional costs. Prepare a differential analysis dated December 11, to determine whether D'Amato 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 "O". For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Lease Equipment (Alt. 1) or Buy Equipment (Alt. 2) December 11 Lease Equipment Buy Equipment Differential Effect on Income (Alternative 1) (Alternative 2) (Alternative 2) Revenues so $0 $0 Costs: Purchase price 315,000 X 315,000 X Freight and Installation 15,000 x 15,000 X Repair and maintenance (4 years) 48,000 X 48,000 X Lease (4 years) 380,000 X -380,000 X Income (Loss) 380,000 378,000 0 2,000 Feedback Check My Work the AscArnster dvere with the buvind costs for 4 years (purchase price, freight, and