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 Corp. The machine can be used for $15$ years and then sold for $$20,000$ at the end of its useful life. Lollie has presented Kiddy with the following options: $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$1.$ Buy machine. The machine could be purchased for $$170,000$ in cash. All insurance costs, which approximate $$15,000$ per year, would be paid by Kiddy.

$2.$ Lease machine. The machine could be leased for a $15-$year period for an annual lease payment of $$35,000$ with the first payment due immediately. All insurance costs will be paid for by the Lollie Corp. and the machine will revert back to Lollie at the end of the $15-$year period.Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for $15$ years and then sold for $$20,000$ at the end of its useful life. Lollie has presented Kiddy with the following options: $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$1.$ Buy machine. The machine could be purchased for $$170,000$ in cash. All insurance costs, which approximate $$15,000$ per year, would be paid by Kiddy.

$2.$ Lease machine. The machine could be leased for a $15-$year period for an annual lease payment of $$35,000$ with the first payment due immediately. All insurance costs will be paid for by the Lollie Corp. and the machine will revert back to Lollie at the end of the $15-$year period.Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for $15$ years and then sold for $$20,000$ at the end of its useful life. Lollie has presented Kiddy with the following options: $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$1.$ Buy machine. The machine could be purchased for $$170,000$ in cash. All insurance costs, which approximate $$15,000$ per year, would be paid by Kiddy.

$2.$ Lease machine. The machine could be leased for a $15-$year period for an annual lease payment of $$35,000$ with the first payment due immediately. All insurance costs will be paid for by the Lollie Corp. and the machine will revert back to Lollie at the end of the $15-$year period.