Foster Incorporated is trying to decide whether to lease or purchase a piece of equipment needed for the next 10 years. The equipment would cost $45,000 to purchase, and maintenance costs would be $5,300 per year. After 10 years, Foster estimates it could sell the equipment for $26,000. If Foster leases the equipment, it would pay $12,000 each year, which would include all maintenance costs. If Foster's cost of capital is 8%, Foster should: (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1 ) Note: Use the appropriate factors from the PV tables. Multiple Choice buy the equipment, as the net present value of the cost is about $12,000 less. lease the equipment, as the net present value of the cost is about $8,300 less. $45,000 less buy the equipment, as the net present value of the cost is about $45,000 less. lease the equipment, as the net present value of the cost is about $12,000 less. TABLE 11.1A Future Value of $1 TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of \$1 TABLE 11.4A Present Value of Annuity of $1