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 $48,000 to purchase, and maintenance costs would be $5.300 per year After ten years, Foster estimates it could sell the equipment for $28,000. If Foster leases the equipment, it would pay $16,000 each year, which would include all maintenance costs. (Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annuity of $1.) If the hurdle rate for Foster is 12%, Foster should (Round your PV factors to 4 decimal places. Do not round intermediate calculations. Round your final answer to the nearest hundred) O lease the equipment, as net present value of cost is about $21,500 less. O buy the equipment, as net present value of cost is about $21,500 less O lease the equipment, as net present value of cost is about $17,800 less. O buy the equipment, as net present value of cost is about $48.000 less. O Type here to search F1 F2 1 2 3 4