Purchase Considerations Borrow $1.6 million at 10 percent on declining balance Depreciate stratight line over five years Trade-in value of $130,000 at end of useful life Maintenance expense of $12,000 per year Lease Considerations Lease payments of $26,000 per month for 60 months (Includes Maintenance) Revenues and labor and supply expenses are the same for both decisions and are not included in the analysis 1. Using a present value table, compute the purchase versus lease amounts (Show your work)