Q3) ABC company is considering whether it should buy or lease equipment that costs Rs 90 lac and has post-tax salvage value of Rs 10 lac at the end of its life of 5 years. A finance company has offered to lease the equipment for 5 years at annual lease payments of Rs 20 lac at the beginning of each year. The lessor will maintain the equipment which would otherwise cost the lessee Rs 2 lakhs each year. The owner of the equipment can claim depreciation on WDV basis at 20% each year. The company's tax rate is 30% and its cost of borrowing is 10% and the cost of capital is 12%. Should the co buy the asset or lease it? Note: Please don't provide answers is MS Excel