MetaDeutsche Transport can lease a truck for four years at a cost of $38,000$ annually. It can instead buy a truck at a cost of $88,000,$ with annual maintenance expenses of $18,000.$ The truck will be sold at the end of four years for $24,500.$ Ignore taxes.

What is the equivalent annual cost of buying and maintaining the truck if the discount rate is $12\%?$

Note: Do not round intermediate calculations. Enter your answer in euros. Round your answer to the nearest whole number.

Which is the better option: leasing or buying?