Please show excel formulas or procedures

U LL I 13 Z O To purchase, it would cost $15,000 upfront and $650 each year over the course of what is estimated to be its six- year useful life. N At the end of the sixth year, the equipment would be sold for $1,500. m However, a dealer has offered to lease the same equipment for a payment of $750 at the beginning of the lease plus lease payments of $ 3,450 per year for four years. Lease payments include all LO maintenance. If the discount rate is 6.25%, which alternative would you choose and why? O m H N 2 2 650 991.25 1610.78 2617.52 4253.47 6911.89 Interest Rate 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% O Coupon Rate 991.25 1610.78 2617.52 4253.47 6911.89 11231.82 years NPV O m + +