Morton Co. is considering leasing a piece of equipment. The equipment could be leased for $5,000 per year payable at year-end for each of the next four years or purchased outright for $18,000. If leased, the lessor would pay for all maintenance that would normally cost $400 per year (paid at year end). Morton would want the equipment at the end of the lease term. The equipment is expected to have a market price of $1,000 at the end of four years. Assume the equipment is MACRS 3-year property, Mortons borrowing rate is 8% and Mortons tax rate is 40%. Do a complete lease versus buy analysis and give your decision as to whether you would lease the asset or own the asset. Furthermore, compute, if possible, the selling price that would make the cost of owning equal to the cost of leasing. If it is not possible to compute that price, explain why not.