merson Corp is trying to decide whether to lease or purchase a piece of equipment needed far the next five years The equipement weuld cost $506000 urchasre, and maintenarice rnsts would be $20,000 per yar After five years, Enerson estirmates it culd sell the cquipment for $101.300. If Emerson Icascs the cqupment it would pay $151,000 cach yCar, which would includc al maintenance costs Emerson's nurdle rate is 13? ? five yrs hich w Annuity of S1.) Use appropriate factor from the PV tables.) a. VWhat is the net present value cf the cost of purchasing the equipment? (Round your final answer to the nearest dollar amount.) 5 506,000 b. What is the net present valuc of the cost of leasing the cquipment? Round your final answer to the nearest dollar amount c. Based on financial factors, should Emerson purchase or lease the equipment? O Lease Purchase