Part b please

A company is considering investing $20,000 in a heat exchanger. The heat exchanger will last five years, at which time it will be sold for $2,000. The maintenance cost at the end of the first year is estimated to be $2,000. Maintenance costs for the exchanger are estimated to increase by $1,000 per year over its life. As an alternative, the company may lease the equipment for $X per year, including maintenance, with the annual payments to made at the end of each year. a. Choose cash flow diagrams of both alternatives. b. For what value of X should the company lease the heat exchanger? The company expects to earn 6% on its investments. Assume end-of-year lease payments. Click the icon to view the interest and annuity table for discrete compounding when i = 6% per year. Posted 1 0 esco sa do $4.000 $5,000 $6.000 $20.000 $6.000 $5,000 $4.000 $20,000 OC. EOY $2.000 a $2,000 $2,000 $2.000 52.000 $2,000 $2,000 $3,000 $4,000 $5,000 $6,000 $20,000 $20,000 b. The company should lease the heat exchanger if annual fee is less than $ 7600 (Round to the nearest dollar.) A company is considering investing $20,000 in a heat exchanger. The heat exchanger will last five years, at which time it will be sold for $2,000. The maintenance cost at the end of the first year is estimated to be $2,000. Maintenance costs for the exchanger are estimated to increase by $1,000 per year over its life. As an alternative, the company may lease the equipment for $X per year, including maintenance, with the annual payments to made at the end of each year. a. Choose cash flow diagrams of both alternatives. b. For what value of X should the company lease the heat exchanger? The company expects to earn 6% on its investments. Assume end-of-year lease payments. Click the icon to view the interest and annuity table for discrete compounding when i = 6% per year. Posted 1 0 esco sa do $4.000 $5,000 $6.000 $20.000 $6.000 $5,000 $4.000 $20,000 OC. EOY $2.000 a $2,000 $2,000 $2.000 52.000 $2,000 $2,000 $3,000 $4,000 $5,000 $6,000 $20,000 $20,000 b. The company should lease the heat exchanger if annual fee is less than $ 7600 (Round to the nearest dollar.)