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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 $5,100 per year. After ten years, Foster estimates It could sell the equipment for $20,000, If Foster leases the equipment, It would pay $15,000 each year, which would include all maintenance costs. If the hurdle rate for Foster Is 12%, Foster should: ( Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Do not round Intermediate calculations. Round your final answer to the nearest hundred.) Multiple Choice O lease the equipment, as net present value of cost is about $17,400 less. O buy the equipment, as net present value of cost is about $45,000 less. lease the equipment, as net present value of cost is about $13,700 less. buy the equipment, as net present value of cost is about $17,400 less

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