Emerson Corporation is trying to decide whether to lease or purchase a piece of equipment needed for the next 5 years. The equipment would cost $508,000 to purchase, and maintenance costs would be $20,000 per year. After 5 years, Emerson estimates it could sell the equipment for $101,500. If Emerson leases the equipment, it would pay $151,900 each year, which would include all maintenance costs. Emersons cost of capital is 12%.(Future Value of $1, Present Value of $1, Future Value