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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 Corp. The machine can be used for 11 years and then sold for $16,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of S1. PV of S1.EVA of S1. PVA of S1.EVAD o1 and PVAD of S) (Use appropriate factorts) from the tables provided.) 1 Buy machine. The machine could be purchased for $166.000 in cash. Al maintenance and insurance costs, which approximate $11,000 per year, would be paid by Kiddy 2.Lease machine. The machine could be leased for a 11-year period for an annual lease payment of $31,000 payment due immediately. All maintenance and insurance costs will be paid for by the Lolle Corp. and the machine wl revert back to Lollie at the end of the 11-year period. Required Assuming that a 11% interest rate insurance costs are paid at the end of each year, find the present value for the following options. Ign considerations. Determine which option Kiddy should choose. (Negative amounts should be indicated by a Round your final answers to nearest whole dollar amount) properly reflects the time value of money in this situation and that al maintenance and ore income tax Buy opton Lease option Kiddy should choose

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