equipment that 6. (15%) (Delaying Decision). You are considering to purchase now. However, you can delay the purchase for up to 3 years. The purchasing price of the equiproces in expected to drop 15% per year. However, iba benefits of such equipment is perpetual and constan. It will generate $1,000 in cash flow every period. starting a year after the purchase, regardless on when you purchase it. Assume interest rate is 8% per year, when should you make the purchase? Briefly explain