Merkon Incorporated must choose between purchasing a new asset for $86,000 or leasing the asset for four years for $27,500 annual rent. The purchased asset would be 3-year recovery property that Merkon could use for four years, ofter which the asset would have no salvage value. Assuming a 21% tax rate, an 8% discount rate, and no Section 179 deduction or bonus depreciation, which of the following statements is true? Use Arrendix A. Table 7-2. (Round discount factor(s) to 3 decimal places.) Muttiple Choice Merkon's afer-tax cost of the purchase is $8,517 less than the after-tax cost of the lease. Merkon's after-tax cost of the lease is 51,374 less than the after-tax cost of the purchase Merkon's aner tax cost of the purchose is $8,517 more than the affertax cost of the lease None of these choices are correct. TABLE 7.2 MACRS for Busines Persenalty (Half.year Comention)