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, Fster estimates it could sell the equipment for $28,000 If Foster leases the equipment, would pay $16,000 each year, which would include all maintenance costs. (Future Value of $1. Present Value of S1. Future Value Annuity of $1. Present Value Annulty 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. buy the equipment, as net present value of cost is about $48,000 less. O Type here to search Esc 2 3 4 5 6