Lease versus Buy 0.0741 \). years. Under the proposed lease terms, the Sad k must pay for insurance, property taxes, and maintenance. Sadik would show the cost of purchasing the used equipment at Year 3 and its depreciation expenses starting at Year 3. To assist management in making the proper lease-versus-buy decision, you are asked to answer the following questions: a. What is the cont of owning? Enter your answer as a positve value. Do not round intermediate calculations, Round your answer to the nearest dollar: $ b. What is the cost of leasing? Enter your answer as a positive value, Do not round intermediate calculations. Round your answer to the nearest dollar. 5 c. What is the net advantage of leasing? Do not round intermediate calculations. Round your answer to the nearest dolar: $ Should Sadik take the lease? Explain. Since the cost of leasing the machinery is than the cost of owning it, the firm should the equipment. calculations. Round your answer to the nearest dolar. 5