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PhotoFinish Co. projects that demand for its services will rise for a period of three years before subsiding. It can lease additional communication equipment for

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PhotoFinish Co. projects that demand for its services will rise for a period of three years before subsiding. It can lease additional communication equipment for $1,100 at the beginning of every quarter year for three years. Alternatively, it can purchase the equipment for $15.700 at 3.25% compounded quarterly, The salvage value of the equipment after three years is expected to be $3,600. a) Which option would you recommend? Purchase the equipment O Lease the equipment b) In current dollars, how much better is that option? For full marks your answer(s) should be rounded to the nearest cont Current dollars saved = $ 0.00

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