John will surf for five days on vacation. Renting a surfboard costs $50 per day. Buying a surfboard costs $300, and the surfboard can be resold to a used-goods store for one-third of the new price. Which is the correct cost comparison? 

Renting: $250. Buying: $300. Buying is cheaper.

 Renting: $250. Buying: $200. Buying is cheaper.

 Renting: $200. Buying: $300. Renting is cheaper. 

Renting: $200. Buying: $250. Renting is cheaper