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Marshall Boya needs a new plant for its new business line. The company has two options: lease the plant at a cost of $50,000 per

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Marshall Boya needs a new plant for its new business line. The company has two options: lease the plant at a cost of $50,000 per year for 4 years or buy it for $100,000 with $30,000 yearly maintanence cost. If the company decides to buy the plant, it will be able to sell it for $40,000 at the end of 4 years. a. Calculate the equivalent annual cost of buying and maintaining the plant for 4 years. Assume that the discount rate is 10. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Equivalent annual cost $ 135,446.21 X b. Which option is better for Marshall Boya? Lease Buy

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