Frank 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 $5,600 per year. After ten years, Frank estimates ld sell the equipment or $27,000 I Frank eased he equipment, it would pay a set annual ee that would include all maintenance costs. Frank has determined after a net present value ana sis at at s hurdle rate of 12% it wou factor from the PV tables. Do not round intermediate calculations. Round your final answer to the nearest hundred.) O $10,000 $14.250 O $8.000 O $13,000