Flexsteel Industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. The quality can be improved with the addition of new equipment, and the company is trying to decide whether to lease or purchase the equipment. The total cost to lease the equipment will be $158,000 over its estimated life, while the total cost to buy the equipment will be $123,200 over its estimated life. At the company's required rate of return, the net present value of the cost of leasing the equipment is $111,200 and the net present value of the cost of buying the equipment is $127,000. Based on financial factors, Flexsteel should: Multiple Choice O buy the equipment, saving $34,800 over leasing. O lease the equipment, saving $15,800 over buying.