Emeraon Corp. is trying to decide whether to lease ot purchase a piece of equipment neceded for the mext frye yearn. The equipment would cost 5504,000 to purchase, and maintenance costs would be 520.200 per year. After five years. Emerson estimates it could sell the equipment for 5102.000 if Emerson leases the equipmient, it would pay 5150,800 each year, which would incluade all maintenance costs. Emerson's hurdie rate is 14%. Future Vnlue of S1. Present Value of S1. Furure Volue Annuity of S1. Present Valug Annulty of 51.) (Use opproprinte foctor from the PV tables.) o. What is the net present value of the cost of purchasing the equigment? (Round your final answer to the nearest dollar amount). b. What is the net present value of the cost of leasing the equipment? (Round your final answer tor the nearest dollar amount.) c. Based on financial factors, should Emerson purchase or lease the equipment? Furchase Lease