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Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process The machine needed is manufactured by Lollie

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Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process The machine needed is manufactured by Lollie Corporation. Jhe machine can be used for to years and then sold for $15.000 at the end of its usefut life Lolife has presented Kiddy with the foliowing options: 1. Buy machine. The machine could be purchased for $165,000 in cash. All maintenance costs, which approximate $10,000 per year, would be paid by Kiddy. 2. Lease machine. The machine could be leased for a 10 vear period for an anuul lease payment of $30,000 with the first payment due immediately. All mainterance costs will be paid for by the Lollie Corporation and the machine will revert back to Lolie at the end of the 10 -yeat period. Required: Assurning that a 12% interest rate properly reflects the fime value of money in this situation and that all maintenance-costs are paid at the end of exch year, determine which option Kiody should choose lgnore income tax consideratons. Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a finencial calculator, (RV af SI pVinf SI FVA of S1. PVA ofSL EVAD o SSI and PVAD ofSD Table I Fufure salue et st

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