Lee Caterers Ltd is about to make an investment in new kitchen equipment. It is considering whether to replace its existing kitchen equipment with cook/ freeze or cosk/chill technology. The following cash flows are expected from each form of technology: The business would expect to replace the new equipment purchased with similar equipment at the end of its life. The cost of finance for the business is 10 per cent. Required: Which type of equipment should the business invest in? use both approaches to dealing with this problem considered in the chapter to support your conclusions