Novak Construction Ltd. has just won a bid to undertake a large construction project that will require specialized equipment. The purchase price of the equipment is $553,000 and will require annual maintenance of $3,100 per year. The CCA would be $44,000 per year and the equipment could be sold in 10 years for $270,000, net of any disposition taxes. Alternatively, the company could lease the equipment over the same 10-year period with annual lease payments of $64,000 made at the beginning of each year. The firm's effective tax rate is 30 percent and tax shields are realized at the end of the year. Assume that the after-tax borrowing rate is the same as the discount rate of 8%. Calculate the NPV. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) NPV Determine whether or not Novak Construction Ltd. should lease or buy the equipment. Novak Construction Ltd. should lease V the equipment