firm can lease a truck for 4 years at a cost of $47,000 annually. It can instead buy a truck at a cost of $97,000, with annual naintenance expenses of $27,000. The truck will be sold at the end of 4 years for $37,000. a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Which is the better option? Buy Lease firm can lease a truck for 4 years at a cost of $47,000 annually. It can instead buy a truck at a cost of $97,000, with annual naintenance expenses of $27,000. The truck will be sold at the end of 4 years for $37,000. a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Which is the better option? Buy Lease