mining comapany leases a special drilling press with annual payments of $100,000.

the contract call for rent payments at the beginning of each year for a minimun of 8 years.

mining cant buy a similar drill for 670,000 ,but will need to borrow the funds at 6 %

what is the present value of the lease payments at 6% interest rate?

c. Should Mauer Mining lease or buy this drill? (Select the best response ) OA. Mauer Mining should lease the drill since the present value of the lease payments is less than the price of the drill OB Mauer Mining should buy the drill since the present value of the lease payments is less than the price of the drill Oc. Mauer Mining should buy the drill since the present value of the loase payments is greater than the price of the drill OD Mauer Mining should lease the drill since the present value of the lease payments is greater than the price of the dril