On August $1,2023$ Coastal Distribution Company is considering leasing a building and buying the necessary equipment to

operate a public warehouse. Assume the equipment will be sold for its residual value at the end of its useful life. Alternatively,

the company could use the funds to invest in $$740,000$ of $4\mathrm{.}0\%$ U$.$S$.$ Treasury bonds that mature in $14$ years. The bonds could be

purchased at face value. The following data have been assembled:

a$.$ Prepare a differential analysis as of August $1$ presenting the proposed operation of the warehouse for the $14$ years

$($Alternative $1)$ as compared with investing in U$.$S$.$ Treasury bonds $($Alternative $2).$