HOS is planning to get a new car for Steve Netzer, the chief operating officer. It expects to buy the car for $30,000 and pay $500 to maintain it on the last day of the first year $1,000 on the last day of the second year, and $2,000 on the last day of the third year After the year-end service, at the end of the third year they will be able to sell the car for $8,000. Alternatively, they can lease the car for $9,000 per year for the three years. Lease payments must be made on the first day of each year. There would be no other lease charges. HOS uses 7 percent as its cost of capital. Which alternative is less expensive? 12. iliti Manageme nt want to buy a new service truck for $60,000 that