Grey Sky Construction needs a piece of equipment that costs $$60,000.$ Grey Sky either can lease the equipment for two years at $$31,000$ per year, paid at the beginning of the year, or borrow $$60,000$ from a local bank at $9\%$ and buy the equipment. The annual CCA on the equipment is $$30,000.$ The equipment is expected to have no value at the end of the second year. The company$$s tax rate is $30\%.$ Should Grey Sky buy or lease the equipment? the answer is $1454\mathrm{.}65$