Problem 6-24 Equivalent annual cash flow Deutsche Transport can lease a truck for four years at a cost of 44,000 annually. It can instead buy a truck at a cost of 94,000, with annual maintenance expenses of 24,000. The truck will be sold at the end of four years for 27,500. Ignore taxes. a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 12%? (Do not round intermediate calculations. Enter your answer in Euro. Round your answer to the nearest whole number.) Equivalent annual cost b. Which is the better option: leasing or buying? Better option