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Foster Inc. is trying to decide whether to lease or purchase a piece of equipment needed for the next ten years. The equipment would cost

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Foster Inc. is trying to decide whether to lease or purchase a piece of equipment needed for the next ten years. The equipment would cost $45.000 to purchase and maintenance costs would be $5.000 per year Aner ten years, Foster estimates it could sell the equipment for $20.000. Foster leases the equipment, it would pay $12.000 each year, which would includes maintenance Co u ture Value of St Present Value of $1 Future Value Annuity of St. Present Value Annuity of $1) If the hurdle rate for Foster is 10%. Foster should use appropriate factor from the P obles. Do not round intermediate calculations. Round your final answer to the nearest hundreds lease the equipment, as net present value of cost is about $5.700 less O buy the equipment, as net present value of costs about $45.000 less O buy the equipment, as not present wlue of cost is about $5.700 less Oleme the equipment, as net present Value of cost is about $2.000

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