PLEASE SOLVE CORRECTy, asspp

Bin Rock Ltd needs to acquite a piece of driting equlpment which will cost the company $60000. It is estimated that in 16 years time the imachine can be saluaged for $6,000. The company's bank has agreed to lend the company the funds for the entire purchase price at 6 percent per annum poyable in equal instaliments ovel the 15 years. Alemnatively. the machine could be leased over the 15 years fron the manuufacturet, by way of an operating lease with arinual lease payrients of $4,500. The company's tax rate is 25 percent, and its cost of capital is 12 percent. The equipment has a CCA rate of 20 percent. II the machine is avnedt annual mathtenance costs will be $500 Required: Advise the company which alternatwe they should choose, providing them with calculations to suppoit your reconsmendation: (16 maks)