Dovon Corp. is trying to decide whether to lease or purchase a piece of equipment. The total cost lease the equipment will be $150,500 over its estimated life, while the total cost to buy the equipment will be $120,200 over its estimated life. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $108,200 and the net present value of the cost of buying the equipment is $119,500. Based on financial factors. Devon should: Multigle Choice wase the equipment, saving $30.300 over buying. buy the equipment, saving $30,300 over leasing. Gase the equipment, saving $11,300 over buying. buy the equigment, saving $11,309 orer leasing